The International Monetary Fund has approved the first review of Tanzania's three-year extended credit facility, allowing for immediate disbursement of about $153 million in budgetary support. The IMF has stated that Tanzania's economic reform program is progressing well, but authorities need to work to boost domestic revenues while stepping up structural reforms to combat corruption. Tanzania is one of the fastest growing economies in Africa, with a planned liquefied natural gas project believed to be its biggest-ever industrial investment.

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