Tanzania In Talks With IMF Over $1.1 Bln Financing Package

President Samia Suluhu Hassan’s spokesperson says Tanzania is in talks with the International Monetary Fund for a $1.1 billion three-year financing package, and that a team was in the country to examine the request. <br />The energy minister says Tanzania was in the final stages of securing loans from the World Bank and the IMF to help cushion the rising cost of living. <br />Finance Minister Mwigulu Nchemba says Russia’s invasion of Ukraine posed a risk to its fiscal budget due to an expected rise in inflation caused by disruptions in the supply chains of various commodities including fuel.