Tanzania and the International Monetary Fund (IMF) have reaffirmed their commitment to continued cooperation on economic reforms, fiscal stability and development financing during talks ahead of the arrival of the Fund’s new resident representative.
Finance Minister Khamis Mussa Omar met incoming IMF resident representative Jana Bricco in Dar es Salaam as part of her introductory visit following her appointment in March.
Bricco, who is expected to assume office in August, was accompanied by outgoing IMF representative Sebastian Acevedo.
The discussions focused on ongoing cooperation between Tanzania and the International Monetary Fund, particularly support for economic reform programmes and financing initiatives aimed at strengthening macroeconomic stability and sustaining growth.
According to Tanzania’s Ministry of Finance, both sides reviewed progress under existing programmes and discussed continued collaboration on strategic development projects supported through IMF resources.
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The meeting also provided an opportunity for Tanzanian authorities to acknowledge Acevedo’s contribution to strengthening relations between the country and the Fund during his tenure.
Minister Omar said cooperation between Tanzania and the IMF had deepened in recent years, helping to support economic management and development priorities.
As of March 31, 2026, IMF financial support to Tanzania had reached 3.27 billion Special Drawing Rights (SDRs), equivalent to approximately US$4.64 billion, according to figures cited during the meeting.
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The ministry said the resources have been channelled through the national budget to support a range of development programmes and key economic priorities.
Tanzania has maintained close engagement with the IMF in recent years as it pursues reforms aimed at strengthening public finances, improving economic resilience and supporting long-term growth.
The East African nation has been among the region’s stronger-performing economies, benefiting from investments in infrastructure, agriculture, mining and tourism, while also seeking to improve fiscal management and debt sustainability.
The IMF has supported Tanzania through various financing arrangements and policy advice, particularly following global economic disruptions that affected many developing economies.
Analysts say continued cooperation with the Fund is likely to remain important as Tanzania seeks to balance development spending with fiscal discipline while navigating external risks, including global commodity price volatility and slower growth in major trading partners.
The reaffirmation of ties comes as Tanzania continues to implement reforms aimed at enhancing economic competitiveness and attracting investment.
With a new IMF representative set to take office later this year, both sides signalled their intention to maintain close cooperation in support of economic stability and development objectives.
