Tanzania external debt increases to $16.2 bill
Mnaku Mbani External debt reached USD 16,280.8 million at the end of June 2016. This represented an increase of USD 74.5 million over the preceding month and USD 870.6 million relative to the corresponding period in 2015. In both cases, the increase was on account of new disbursement of funds by various creditors. According to the Bank of Tanzania economic report for July, the Central government debt continued to dominate the profile of external debt in terms of borrower category, by accounting for nearly 81 percent of the external debt. In terms of volume, the central government debt stood at USD 13,135.1 million at end June 2016, an increase of USD 88.6 million from the preceding month and USD 862.3 million or 7.0 percent over the corresponding period in 2015. The profile of external debt in terms of creditor category remained fairly the same as in the preceding month and the corresponding period in 2015, where loans from multiteral institutions and commercial creditor...

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