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Private Sector Credit Growth Slows Amidst Positive Reforms.
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November 14, 2023November 14, 2023Uncategorized

Private Sector Credit Growth Slows Amidst Positive Reforms.

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In the fiscal year ending September, private sector credit expansion decelerated to 19.5%, showcasing a noteworthy shift from the 22% recorded in the previous year. This downtrend is attributed to the favorable business environment fostered by comprehensive reforms. The Bank of Tanzania, in its October economic review, highlighted the role of supportive monetary and fiscal...