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IMF says board approves $1.04 billion loan deal for Tanzania By Reuters

Fed signals intent to join the great central bank stimulus exit By Reuters

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IMF says board approves $1.04 billion loan deal for Tanzania By Reuters

© Reuters. FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas/File Photo

WASHINGTON (Reuters) – The International Monetary Fund on Monday said its executive board approved a $1.04 billion, 40-month Extended Credit Facility loan arrangement for Tanzania, with an immediate disbursement of about $151.7 million. The Fund said in a statement that the financing package would assist Tanzania’s economic recovery, address spillovers from Russia’s invasion of Ukraine, help preserve macroeconomic stability and support structural reforms.


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