June 26

IMF Approves Over $900 Million to Support Tanzania Budget, Climate Change Fight

By Kanishka Singh

The IMF said on Thursday its executive board approved funding for Tanzania of $786.2 million to help tackle climate change while also completing a separate review allowing for the disbursement of $149.4 million for budget support.

Tanzanian authorities are committed to continue implementing reforms to preserve macro-financial stability, strengthen economic recovery, and promote sustainable and inclusive growth, the International Monetary Fund said in a statement.

Photo courtesy of ellinor.lindstrm.

Source: CNBC Africa (link opens in a new window)

Environment, Finance
climate change, climate finance, sustainable finance