IMF Approves $786.2M for Tanzania to Combat Climate Change

The IMF has approved an arrangement for Tanzania worth $786.2 million to aid in combating climate change. Separately, a $149.4 million disbursement for budget support was also completed. Tanzanian authorities are dedicated to reforms aimed at maintaining macro-financial stability, fostering economic recovery, and promoting inclusive growth.

The IMF said on Thursday its executive board approved an arrangement 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.