The Bank of Tanzania (BOT) has said the
economy of the country and its indicators are still stable.
economy of the country and its indicators are still stable.
Speaking to journalists, the governor of BOT
Prof. Florence Luoga said that the economic indicators show that Tanzanian
economy is not shaking.
Prof. Florence Luoga said that the economic indicators show that Tanzanian
economy is not shaking.
According to Prof. Luoga, until now the treasury
has more than 5.4 billion dollars reserved, an amount that can be used for 5
months without economic instability and may also finance big project like standard
gauge rail way (SGR)
has more than 5.4 billion dollars reserved, an amount that can be used for 5
months without economic instability and may also finance big project like standard
gauge rail way (SGR)
“Our economy is stable as well as its
indicators, early the morning I went to our treasury, I saw our reserve has amount
of 5.4 billion after different payment done. This amount will be used for five
months and we may use it in our big projects like SGR” the governor said.
indicators, early the morning I went to our treasury, I saw our reserve has amount
of 5.4 billion after different payment done. This amount will be used for five
months and we may use it in our big projects like SGR” the governor said.
On the other hand the governor elaborated that
the presence of such amount does not mean that Tanzania will not loan from
other countries but it will continue to do so to insure provision of good services
to its people.
the presence of such amount does not mean that Tanzania will not loan from
other countries but it will continue to do so to insure provision of good services
to its people.
The governor added that the government is
making good environment to its people through different ways including loaning
to other countries for the benefit of its people and the next generation who
will come to pay the debt.
making good environment to its people through different ways including loaning
to other countries for the benefit of its people and the next generation who
will come to pay the debt.
“It’s not right for the next generation to
use everything they will meet, we are loaning to build the country and during
their time they will come to pay as we are doing now” Prof. Luoga said.
use everything they will meet, we are loaning to build the country and during
their time they will come to pay as we are doing now” Prof. Luoga said.
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| Professor Flurence Luoga, the Governor of the bank of Tanzania (BOT) speaking to journalists about different issues of the bank. |
