Bank of Tanzania praised for ‘skilfully’ lowering inflation

IMF directors welcome macroeconomic progress and look towards SWF

Bank of Tanzania

The Tanzania authorities were praised for their "skilful macroeconomic management" by the International Monetary Fund (IMF) earlier this week after delivering rapid growth and falling inflation in the past 12 months – with eyes now turning to the prospect of a sovereign wealth fund in the East African country.

Annual CPI inflation has dropped from a peak of almost 20% in January 2012 to 6.3% in April 2014 – marginally above the Bank of Tanzania's medium-term target of 5%. The IMF directors

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