Africa

IMF disburses nearly R8bn to Tanzania under two arrangements

The International Monetary Fund has approved an immediate disbursement of approximately $448.4m (R7.97bn) to Tanzania, it said on Friday.

The IMF has approved a disbursement of $261.9m (R4.58bn) to the DRC. File photo.
The IMF has approved a disbursement of $261.9m (R4.58bn) to the DRC. File photo. (REUTERS/JOHANNES P CHRISTO)

The International Monetary Fund (IMF) has approved an immediate disbursement of approximately $448.4m (R7.97bn) to Tanzania under the extended credit facility and resilience and sustainability facility arrangements, the IMF said on Friday.

Reuters

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