Tanzania denies blocking IMF report

Tanzania President John Magufuli addresses a joint press conference at State House in Nairobi. [Boniface Okendo/Standard]

Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli’s government of undermining economic growth with “unpredictable and interventionist” policies.

In the leaked report, seen by Reuters last week and which the IMF said was not made public after Tanzanian authorities did not consent to its publication, the fund said a weak business environment and the implementation of projects that may not have high rates of return were likely to constrain annual gross domestic product growth.