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- Tanzania is a member of the International Monetary Fund (IMF) with a current quota of US$551.35 million (397.8 million SDR), and is a part of the South Africa and Nigeria led constituency with a totaling voting share of 2.97%. The IMF has been involved in Tanzania's economy since the 1970s. Over the years, there have been roughly three stages of the IMF's involvement in Tanzania: the first round of reform lasted from 1986 to 1995, the second round of reform lasted from 1996 to 2006, and the third round focused mainly on consolidating the reforms made from previous stages. The agricultural economy depended on by Tanzania was constantly declining since the 1970s. In 1979, the IMF interfered and proposed a series of major changes to Tanzania in response to its worsening economy; currency devaluation was the main focus of the proposed changes. However, Tanzania refused to devaluate its currency and requested the IMF to leave the country in November 1979. What was more surprising was that when Tanzania expelled the IMF from the country, its economy was already at the edge of bankruptcy. The IMF created the Tanzania Advisory Group (TAG) to improve the relationship between the IMF and Tanzania—the main goal of the TAG was to achieve the devaluation of the Shilling. The TAG’s efforts had virtually no return until 1986 when Ali Hassan Mwinyi, the new president of Tanzania replaced Julius Nyerere, the former president of Tanzania; however, the country's economy was already close to complete collapse. (en)
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- 8723 (xsd:nonNegativeInteger)
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- Tanzania is a member of the International Monetary Fund (IMF) with a current quota of US$551.35 million (397.8 million SDR), and is a part of the South Africa and Nigeria led constituency with a totaling voting share of 2.97%. The IMF has been involved in Tanzania's economy since the 1970s. Over the years, there have been roughly three stages of the IMF's involvement in Tanzania: the first round of reform lasted from 1986 to 1995, the second round of reform lasted from 1996 to 2006, and the third round focused mainly on consolidating the reforms made from previous stages. (en)
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- Tanzania and the International Monetary Fund (en)
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