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IMF in Talks With Tanzania Over Potential $700 Million Loan

  • Tanzanian President sees fiscal position improve in two years
  • Government also in talks with India, China for low-cost loans
Samia Suluhu Hassan on March 28.
Samia Suluhu Hassan on March 28.Photographer: Neema Irene Ngelime/Bloomberg

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Tanzania is seeking at least $700 million from the International Monetary Fund as it adjusts its borrowing strategy to take on more concessional loans and reduce the risk of debt distress, President Samia Suluhu Hassan said.