Tanzania is a member of the International Monetary Fund (IMF) with a current quota of US$551.35 million (397.8 million SDR),[1] and is a part of the South Africa and Nigeria led constituency with a totaling voting share of 2.97%.
[5] However, Tanzania refused to devaluate its currency and requested the IMF to leave the country in November 1979.
[5] What was more surprising was that when Tanzania expelled the IMF from the country, its economy was already at the edge of bankruptcy.
[10] One of the most difficult policy goal was the restructuring of the parastatals;[11] under the Poverty Reduction and Growth Facility (PRGF) programs implemented by the IMF, Tanzania successfully privatized most of the parastatals in manufacturing and agricultural sectors in 2005 (see Table A3).
[7] This greatly signals that the IMF has assumed a more passive role as a policy advisor in the case of Tanzania.