GOOD BEHAVIOUR NETS ANOTHER LOAD

THE INTERNATIONAL Monetary Fund said it will lend Tanzania $26m under an existing lending programme and praised the east African country for curbing inflation and pursuing economic reforms. The international lending agency said its loan to Tanzania meant the country had now borrowed $53m under the three-year lending scheme. Implementation of its macroeconomic programme resulted in annual real growth of 4.7 percent in 1999 and a decline in the inflation rate to less than six percent in June 2000, but the IMF said Tanzania would have to make more progress with its economic reforms if it wanted to achieve sustained economic growth and a reduction in poverty. – Reuters