Tanzania's engagement with the International Monetary Fund (IMF) has grown significantly in 2025, reflecting its strategic reliance on IMF financing. As of July 25, 2025, Tanzania's IMF credit outstanding reached TZS 3.65 trillion (USD 1,335,730,000), a 18.98% increase from TZS 3.07 trillion (USD 1,122,630,000) on June 30, 2025, based on an exchange rate of approximately TZS 2,735 per USD (sourced from recent web data on Tanzania shilling rates). This growth, driven by TZS 0.58 trillion in disbursements with no repayments, positions Tanzania as a key player in East Africa, holding 22.07% of the region's TZS 16.55 trillion in IMF credit. Across Africa, Tanzania ranks 11th out of 54 countries, contributing 1.30% to the continent's TZS 280.87 trillion total IMF credit outstanding. This analysis examines Tanzania’s position relative to East African peers and all African countries, highlighting its financial dynamics and regional significance.
Tanzania's IMF credit outstanding as of June 30, 2025, and July 25, 2025, in Tanzania Shillings (TZS), comparing its position among East African and all African countries. Tanzania’s credit growth reflects active IMF program participation, ranking it 2nd in East Africa and 11th across Africa. Significant disbursements and zero repayments underscore its reliance on IMF support, contributing notably to regional financing dynamics.
The following East African countries are included in the IMF credit dataset (converted to TZS using TZS 2,735 per USD):
| Metric | Tanzania Amount | East Africa Total | Tanzania's % |
| Outstanding 06/30/2025 | TZS 3.07 trillion | TZS 15.98 trillion | 19.21% |
| Total Disbursements | TZS 0.58 trillion | TZS 0.58 trillion | 100.00% |
| Total Repayments | TZS 0 | TZS 0.01 trillion | 0.00% |
| Outstanding 07/25/2025 | TZS 3.65 trillion | TZS 16.55 trillion | 22.07% |
African Countries Total
| Metric | Tanzania Amount | Africa Total | Tanzania's % |
| Outstanding 06/30/2025 | TZS 3.07 trillion | TZS 278.22 trillion | 1.10% |
| Total Disbursements | TZS 0.58 trillion | TZS 3.46 trillion | 16.86% |
| Total Repayments | TZS 0 | TZS 0.86 trillion | 0.00% |
| Outstanding 07/25/2025 | TZS 3.65 trillion | TZS 280.87 trillion | 1.30% |
Tanzania ranks 11th with TZS 3.65 trillion (1.30%).
Tanzania’s significant increase in IMF credit outstanding, from TZS 3.07 trillion to TZS 3.65 trillion between June 30 and July 25, 2025, signals a robust commitment to leveraging IMF financing to support economic development. The TZS 0.58 trillion in disbursements, representing 100% of East Africa’s IMF inflows during this period, suggests Tanzania is actively channeling these funds into priority areas. According to recent IMF reviews, Tanzania’s Extended Credit Facility (ECF) arrangements focus on fiscal consolidation, infrastructure development, and social programs to enhance economic resilience and reduce poverty. The absence of repayments indicates a strategy to maximize liquidity for ongoing projects, potentially in sectors like energy, transport, and agriculture, which are critical for Tanzania’s Vision 2025 development goals. However, this reliance on IMF credit, while boosting short-term growth, raises concerns about long-term debt sustainability, especially given Tanzania’s modest 1.30% share of Africa’s total IMF credit. Balancing these funds with domestic revenue mobilization and prudent fiscal management will be crucial to ensure sustainable economic progress.
Tanzania's Position
Notable Points
Regional Context
Tanzania’s IMF credit outstanding grew by 18.98% from TZS 3.07 trillion to TZS 3.65 trillion between June 30 and July 25, 2025, driven by TZS 0.58 trillion in disbursements and no repayments. Ranking 2nd in East Africa and 11th in Africa, Tanzania plays a pivotal regional role while maintaining a modest continental footprint. Its 100% share of East African disbursements underscores active IMF engagement, likely tied to economic stabilization or development goals. Continued monitoring of Tanzania’s IMF activities will be crucial for understanding its fiscal trajectory in East Africa and beyond.
| Member | Total IMF Credit Outstanding as of 06/30/2025 | Total Disbursements | Total Repayments | Total IMF Credit Outstanding as of 07/25/2025 |
| Afghanistan, Islamic Republic of | 366,158,000 | 0 | 0 | 366,158,000 |
| Albania | 40,657,506 | 0 | 0 | 40,657,506 |
| Angola | 2,750,091,673 | 0 | 28,208,333 | 2,721,883,340 |
| Argentina | 40,260,000,000 | 0 | 0 | 40,260,000,000 |
| Armenia, Republic of | 89,873,183 | 0 | 0 | 89,873,183 |
| Bangladesh | 2,922,634,500 | 0 | 0 | 2,922,634,500 |
| Barbados | 491,550,010 | 0 | 0 | 491,550,010 |
| Benin | 765,823,950 | 0 | 3,183,400 | 762,640,550 |
| Bosnia and Herzegovina | 47,559,375 | 0 | 0 | 47,559,375 |
| Burkina Faso | 342,002,000 | 0 | 2,253,000 | 339,749,000 |
| Burundi | 100,100,000 | 0 | 0 | 100,100,000 |
| Cabo Verde | 72,116,000 | 4,510,000 | 0 | 76,626,000 |
| Cameroon | 1,168,860,000 | 0 | 23,460,000 | 1,145,400,000 |
| Central African Republic | 236,885,500 | 0 | 6,931,600 | 229,953,900 |
| Chad | 454,915,000 | 0 | 6,309,000 | 448,606,000 |
| Colombia | 937,500,000 | 0 | 0 | 937,500,000 |
| Comoros | 23,447,940 | 0 | 0 | 23,447,940 |
| Congo, Democratic Republic of | 1,762,450,000 | 190,400,000 | 0 | 1,952,850,000 |
| Congo, Republic of | 353,160,000 | 0 | 3,240,000 | 349,920,000 |
| Costa Rica | 1,837,765,000 | 0 | 0 | 1,837,765,000 |
| Cote d'Ivoire | 3,104,687,108 | 0 | 0 | 3,104,687,108 |
| Djibouti | 31,800,000 | 0 | 0 | 31,800,000 |
| Dominica | 10,895,000 | 0 | 0 | 10,895,000 |
| Ecuador | 6,211,675,007 | 438,400,000 | 0 | 6,650,075,007 |
| Egypt | 7,497,485,852 | 0 | 74,623,333 | 7,422,862,519 |
| El Salvador | 172,320,000 | 0 | 0 | 172,320,000 |
| Equatorial Guinea | 51,496,501 | 0 | 0 | 51,496,501 |
| Eswatini, The Kingdom of | 9,812,500 | 0 | 0 | 9,812,500 |
| Ethiopia | 1,415,347,500 | 191,700,000 | 13,364,000 | 1,593,683,500 |
| Gabon | 414,512,500 | 0 | 0 | 414,512,500 |
| Gambia, The | 129,241,250 | 0 | 1,166,250 | 128,075,000 |
| Georgia | 370,416,667 | 0 | 0 | 370,416,667 |
| Ghana | 2,448,001,000 | 267,500,000 | 8,302,500 | 2,707,198,500 |
| Grenada | 18,600,000 | 0 | 200,000 | 18,400,000 |
| Guinea | 323,213,900 | 0 | 1,721,300 | 321,492,600 |
| Guinea-Bissau | 51,174,400 | 4,730,000 | 587,000 | 55,317,400 |
| Haiti | 173,013,750 | 0 | 0 | 173,013,750 |
| Honduras | 511,299,319 | 0 | 0 | 511,299,319 |
| Jamaica | 595,590,000 | 0 | 0 | 595,590,000 |
| Jordan | 1,530,513,418 | 0 | 0 | 1,530,513,418 |
| Kenya | 3,022,009,900 | 0 | 0 | 3,022,009,900 |
| Kosovo | 142,072,000 | 0 | 0 | 142,072,000 |
| Kyrgyz Republic | 74,422,400 | 0 | 0 | 74,422,400 |
| Lesotho | 11,660,000 | 0 | 0 | 11,660,000 |
| Liberia | 174,503,200 | 0 | 0 | 174,503,200 |
| Madagascar | 695,577,600 | 77,392,000 | 9,340,600 | 763,629,000 |
| Malawi | 296,056,000 | 0 | 0 | 296,056,000 |
| Maldives | 21,200,000 | 0 | 0 | 21,200,000 |
| Mali | 403,827,600 | 0 | 5,165,000 | 398,662,600 |
| Mauritania | 296,660,000 | 36,160,000 | 0 | 332,820,000 |
| Moldova, Republic of | 733,876,260 | 0 | 800,000 | 733,076,260 |
| Mongolia | 71,488,115 | 0 | 0 | 71,488,115 |
| Morocco | 937,500,000 | 0 | 0 | 937,500,000 |
| Mozambique | 545,280,000 | 0 | 0 | 545,280,000 |
| Myanmar | 258,395,000 | 0 | 21,533,750 | 236,861,250 |
| Namibia | 95,550,000 | 0 | 23,887,500 | 71,662,500 |
| Nepal | 380,165,000 | 0 | 0 | 380,165,000 |
| Nicaragua | 64,997,500 | 0 | 0 | 64,997,500 |
| Niger | 411,896,500 | 30,268,000 | 6,028,000 | 436,136,500 |
| North Macedonia, Republic of | 203,440,000 | 0 | 0 | 203,440,000 |
| Pakistan | 6,745,250,006 | 0 | 59,666,666 | 6,685,583,340 |
| Papua New Guinea | 725,130,000 | 0 | 0 | 725,130,000 |
| Paraguay | 0 | 146,000,000 | 0 | 146,000,000 |
| Rwanda | 606,757,500 | 0 | 4,005,000 | 602,752,500 |
| St. Lucia | 21,400,000 | 0 | 0 | 21,400,000 |
| St. Vincent and the Grenadines | 19,872,450 | 0 | 0 | 19,872,450 |
| Samoa | 16,200,000 | 0 | 0 | 16,200,000 |
| Sao Tome & Principe | 27,158,013 | 0 | 63,433 | 27,094,580 |
| Senegal | 1,003,723,612 | 0 | 10,787,500 | 992,936,112 |
| Serbia, Republic of | 949,460,000 | 0 | 0 | 949,460,000 |
| Seychelles | 106,579,000 | 0 | 272,500 | 106,306,500 |
| Sierra Leone | 325,840,900 | 0 | 3,999,500 | 321,841,400 |
| Solomon Islands | 6,989,433 | 0 | 0 | 6,989,433 |
| Somalia | 87,000,000 | 7,500,000 | 0 | 94,500,000 |
| South Africa | 381,400,000 | 0 | 0 | 381,400,000 |
| South Sudan | 246,000,000 | 0 | 0 | 246,000,000 |
| Sri Lanka | 1,446,746,184 | 254,000,000 | 9,991,166 | 1,690,755,018 |
| Sudan | 991,551,000 | 0 | 0 | 991,551,000 |
| Suriname | 430,700,000 | 0 | 0 | 430,700,000 |
| Tajikistan, Republic of | 139,200,000 | 0 | 0 | 139,200,000 |
| Tanzania | 1,122,630,000 | 213,100,000 | 0 | 1,335,730,000 |
| Togo | 292,730,000 | 44,040,000 | 2,517,000 | 334,253,000 |
| Tonga | 13,800,000 | 0 | 0 | 13,800,000 |
| Tunisia | 526,138,180 | 0 | 14,731,866 | 511,406,314 |
| Uganda | 992,750,000 | 0 | 0 | 992,750,000 |
| Ukraine | 10,800,391,676 | 0 | 0 | 10,800,391,676 |
| Uzbekistan, Republic of | 92,050,000 | 0 | 0 | 92,050,000 |
| Zambia | 992,860,000 | 0 | 0 | 992,860,000 |
| Total | 118,045,530,338 | 1,905,700,000 | 346,339,197 | 119,604,891,141 |