“Today, I proudly affirm that our economic reforms are working. We have stabilised our economy and are now better positioned for growth…,” said the president.
The meeting brings together finance ministers, representatives from the financial sector and development cooperation, and central bankers.
The Russian invasion of Ukraine, which began on February 24, has pushed food, energy and commodity prices to new heights.
The International Monetary Fund said in December 2018 that nearly half of Tanzania’s 45 banks were vulnerable to adverse shocks and risk insolvency.
