United Republic of Tanzania: Fourth Review Under the Policy Support Instrument and Request for an Arrangement Under the Standby Credit Facility

United Republic of Tanzania: Fourth Review Under the Policy Support Instrument and Request for an Arrangement Under the Standby Credit Facility

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Tanzaniaa€™s economy experienced adverse supply shocks in 2011. The Fourth Review under the policy support instrument (PSI) discusses that tighter fiscal and monetary policies are addressing the inflationary impact of the drought/energy shock. Performance under the PSI-supported program has been generally satisfactory. All December 2011 and March 2012 quantitative assessment criteria and indicative targets were met, other than the March 2012 floor on net international reserves, which was missed on account of delays in contracting programmed external borrowing.The Manual will include (i) an internal audit manual in line with the International Professional Practice Framework, (ii) a procurement ... The government is committed to improve the quality of public sector financial statements. ... A full transition to operating with the designated six accounts per council is expected to start from 2012/ 13, as soon as the remaining 3, 524 dormant accounts have been closed.


Title:United Republic of Tanzania: Fourth Review Under the Policy Support Instrument and Request for an Arrangement Under the Standby Credit Facility
Author: International Monetary Fund
Publisher:International Monetary Fund - 2012-07-18
ISBN-13:

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