Tanzania seeks IMF loan to address COVID-19 pandemic challenges
TANZANIA is in talks with the International Monetary Fund to secure a loan to tackle the challenges caused by the COVID-19 pandemic, the Fund's resident representative said on Thursday. Tanzania, which has not been publishing data on infections since May last year, will be required to provide that information before the loan is approved, Jens Reinke told Reuters. The East African nation is seeking to borrow its entire entitlement from the IMF, amounting to about $570 million. "COVID data is not some weird prior benchmark. When applying for pandemic-related emergency financing, evidence of the pandemic has to be available to…