[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111589-en":3,"doc-seo-111589-105":29,"detail-sidebar-cat-0-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},111589,687197207639,"Asher","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","United Republic of Tanzania - Joint Bank-Fund Debt Sustainability Analysis - Moderate Risk of External Debt Distress","Joint Bank-Fund Debt Sustainability Analysis for the United Republic of Tanzania finds the risk of external debt distress to be moderate and the overall risk of debt distress also moderate. The baseline external debt burden indicators remain below policy thresholds. Economic recovery is expected to improve the medium-term outlook, while risks are tilted to the downside. The public debt-to-GDP ratio is contained at about 35 percent versus the 55 percent benchmark. Maintaining sustainability requires concessional external financing, stronger revenue mobilization, improved public investment management, and climate resilience measures.","Public Disclosure  \nPub lic Disc losure Authorized  \nApproved by:  \nManuela Francisco and Hassan Zaman (IDA) and Catherine Pattillo and Peter Dohlman (IMF) .  \nPrepared by the staff of the International Development Association (IDA) and the International Monetary Fund (IMF) .1  \n\n| UNITED REPUBLIC OF TANZANIA:\u003Cbr>JOINT BANK-FUND DEBT SUSTAINABILITY ANALYSIS |  |\n| --- | --- |\n| Risk of external debt distress | Moderate |\n| Overall risk of debt distress | Moderate |\n| Granularity in the risk rating | Some space to absorb shocks |\n| Application of judgment | No |\n\nTanzania’s Debt Sustainability Analysis (DSA) indicates that its risk of external debt distress remains moderate. Economic recovery is expected to strengthen, and the medium-term outlook is positive, contingent on implementation of the authorities’ reform agenda. Tanzania has some space to absorb shocks and risks are tilted to the downside. All external debt burden indicators continue to stay below the policy-determined thresholds under the baseline scenario. The public DSA analysis indicates that the present value of the public debt-to-GDP ratio remains contained at about 35 percent, well below the 55 percent benchmark based on Tanzania’s debt carrying capacity.2 The DSA results signal the importance of accessing, to the extent possible, external financing on concessional terms. To maintain current fiscal and debt sustainability, in line with the IMF Extended Credit Facility (ECF) objectives, the authorities should improve revenue mobilization and public investment management, including by selecting only investment projects with clear socioeconomic payoffs. Building resilience to climate change is also important to preserve debt sustainability amid climate change effects.  \n1This DSA was prepared based on the Joint Bank-Fund Low-Income Country Debt Sustainability Analysis (LIC-DSA) methodology.  \n2Tanzania’s debt carrying capacity classification remains medium as in the April 2023 DSA. The composite index (CI), estimated at 2.89 is based on the October 2023 World Economic Outlook (WEO) and the 2022 World Bank Country Policy and Institutional Assessment (CPIA) data.  \n1. The public sector debt covers central government debt, central government-guaranteed debt (i.e., excluding non-guaranteed debt of SOEs and local governments), and central bank debt (Text Table 1) . Public sector debt coverage is limited by the absence of granular data on all local governments and public corporations’ debt. The Bank of Tanzania (BoT) currently has no outstanding debt. The authorities are working on broadening fiscal data coverage, including on local governments and public corporations.3 The definition of external debt is based on residency. The DSA contingent liability stress test captures public sector exposure to SOEs, calibrated at 3 percent of GDP, reflecting the authorities’estimated size of contingent liabilities, including 2.8 percent of GDP in guarantees to the National Insurance Corporation 4 and 0.2 percent of GDP non-guaranteed SOEs debt. The contingent stress test also includes default minimum value of 5 percent of GDP for a financial markets shock, incorporated in the LIC DSA, representing the average cost to the government of a financial crisis in LICs.  \nublic debt coverage  \n|  | Subsectors of the public sector\u003Cbr>Central government\u003Cbr>State and local government\u003Cbr>Other elements in the general government\u003Cbr>o/w: Social security fund\u003Cbr>o/w: Extra budgetary funds (EBFs)\u003Cbr>Guarantees (to other entities in the public and private sector, including to SOEs) Central bank (borrowed on behalf of the government)\u003Cbr>Non-guaranteed SOE debt | Check box |\n| --- | --- | --- |\n| 1\u003Cbr>2\u003Cbr>3\u003Cbr>4\u003Cbr>5\u003Cbr>6\u003Cbr>7\u003Cbr>8 |  | X\u003Cbr>X\u003Cbr>X |\n\nublic debt coverage and the magnitude of the contingent liability tailored stress test  \n\n| 1 | \u003Cbr>The country's coverage of public debt The central government, central bank, government-guaranteed debt |  |  |  |\n| --- | --- | --- | --- | --- |\n|  |  ","cbCaikExgA7RrHGe","https://ap.wps.com/l/cbCaikExgA7RrHGe","pdf",921581,1,25,"English","en",105,"# Risk Assessment Summary\n## External Debt Distress and Overall Risk\n## Public Debt-to-GDP and Policy Benchmarks\n# Policy Implications\n## Concessional External Financing\n## Fiscal and Investment Management\n## Climate Resilience Considerations\n# Coverage and Stress Tests\n## Public Sector Debt Coverage\n## Contingent Liability Stress Test","[{\"question\":\"What is the assessed risk of external debt distress for Tanzania?\",\"answer\":\"The analysis assesses the risk of external debt distress as moderate, with overall debt distress risk also rated moderate.\"},{\"question\":\"How does Tanzania’s public debt-to-GDP ratio compare with the policy benchmark?\",\"answer\":\"The public debt-to-GDP ratio is contained at about 35 percent, which remains well below the 55 percent benchmark.\"},{\"question\":\"What measures are recommended to maintain fiscal and debt sustainability?\",\"answer\":\"The analysis recommends accessing external financing on concessional terms, improving revenue mobilization, strengthening public investment management through clear socioeconomic payoffs, and building resilience to climate change.\"}]",1784490809,63,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":27},"united-republic-of-tanzania-joint-bank-fund-debt-sustainability-analysis-moderate-risk-of-external-debt-distress","",{"@graph":35,"@context":84},[36,53,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/united-republic-of-tanzania-joint-bank-fund-debt-sustainability-analysis-moderate-risk-of-external-debt-distress/111589/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":64,"interactionType":65,"userInteractionCount":4},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What is the assessed risk of external debt distress for Tanzania?","Question",{"text":74,"@type":75},"The analysis assesses the risk of external debt distress as moderate, with overall debt distress risk also rated moderate.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"How does Tanzania’s public debt-to-GDP ratio compare with the policy benchmark?",{"text":79,"@type":75},"The public debt-to-GDP ratio is contained at about 35 percent, which remains well below the 55 percent benchmark.",{"name":81,"@type":72,"acceptedAnswer":82},"What measures are recommended to maintain fiscal and debt sustainability?",{"text":83,"@type":75},"The analysis recommends accessing external financing on concessional terms, improving revenue mobilization, strengthening public investment management through clear socioeconomic payoffs, and building resilience to climate change.","https://schema.org",{"og:url":51,"og:type":86,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,96,100,104,109,114,119,122,127,130,134],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":93,"show_sort_weight":94,"slug":95},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":97,"show_sort_weight":98,"slug":99},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":101,"show_sort_weight":102,"slug":103},"Exam",70,"exam",{"id":105,"doc_module":4,"doc_module_name":45,"category_name":106,"show_sort_weight":107,"slug":108},5,"Comic",60,"comic",{"id":110,"doc_module":4,"doc_module_name":45,"category_name":111,"show_sort_weight":112,"slug":113},6,"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":45,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":45,"category_name":136,"show_sort_weight":105,"slug":137},19,"General","general"]