Tanzanian President Samia Suluhu Hassan has warned cabinet ministers that international lenders may withdraw financial support following post-election disturbances and reported human rights violations that have undermined the nation's reputation for political stability. Western donors and multilateral institutions, including the World Bank and International Monetary Fund, have suspended or placed under review budget assistance programs after violence surrounding local government elections and alleged disappearances of opposition figures.
Hassan instructed the Finance Ministry to prioritize domestic revenue generation through expanded tax collection, reduced exemptions, and accelerated monetization of natural gas reserves, mineral resources, and tourism. The president acknowledged that Tanzania must prepare for reduced external financing while debt servicing obligations are projected to consume increasing portions of government revenue.
Hassan emphasized the urgency of addressing revenue leakages and improving efficiency across state enterprises as the government seeks alternative funding sources for infrastructure development and social programs amid rising public debt levels.
Hassan instructed the Finance Ministry to prioritize domestic revenue generation through expanded tax collection, reduced exemptions, and accelerated monetization of natural gas reserves, mineral resources, and tourism. The president acknowledged that Tanzania must prepare for reduced external financing while debt servicing obligations are projected to consume increasing portions of government revenue.
Hassan emphasized the urgency of addressing revenue leakages and improving efficiency across state enterprises as the government seeks alternative funding sources for infrastructure development and social programs amid rising public debt levels.
