Tanzania’s External Debt Profile

The Tanzania's government debt as of April 2022 stood at TZS 69.44 trillion (about USD 30.7 billion), this include domestic debt at TZS 22.37 trillion and external public debt stock at TZS 47.07 trillion (about USD 20.8 billion). Here is the breakdown of the Tanzania's external debt as of the financial year 2020/2021.
The Chanzo Reporter29 June 20221 min

The latest data as of April 2022 shows that the Tanzania’s public debt is TZS 69.44 trillion (about USD 30.7 billion), this include domestic debt TZS 22.37 trillion and external public debt stock at TZS 47.07 trillion (about USD 20.8 billion). Here is the breakdown of the Tanzania’s external debt as of the financial year 2020/2021.

The biggest lender to Tanzania is the World Bank-IDA by the year ending 2020/2021 (July 2020-June 2021) it had a total of TZS 19.1 trillion (USD 8.49 billion) debt stock with Tanzania. IDA provide concessional loans to Tanzania, other lenders include AFDB-ADF with 5.5 trillion (USD 2.4 billion) debt  stocks, other multilateral concessional lenders are highlighted below.

Exim China is the third lender with the most debt stock to Tanzania after the World Bank-IDA and the AFDB-ADF with  a total of TZS 3.9 trillion (USD 1.7 billion) followed by commercial lender Credit Suisse AG with TZS 3.1 trillion (USD 1.3 billion), a 900 billion increase from the recorded amount in 2019/2020.

Other commercial lenders include Eastern&S.African Trade & Dev Bank-TDB at 1.9 trillion (USD 852 million), a 400 billion decrease from 2019/2020 and Standard Chartered Bank TZS at 1.6 trillion a 1.2 trillion increase from 2019/2020. Most of the commercial loans (Credit Suisse AG, Standard Chartered, TDB) were directed at the the ongoing construction of the Tanzania’s Standard Gauge railway.

Bilateral creditors account for 11.18 percent of the total external debts

The Chanzo Reporter

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