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Tanzania

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East African Countries to Borrow Loan to Ease Covid-19 Economic Impact
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East Africa Goes Borrowing to Cushion Covid-19 Impact

The East African countries look to borrow more than $750 million in syndicated loans to cushion the economic impact of the Coronavirus pandemic as Kenya, Uganda, South Sudan, and Tanzania have all been seeking either syndicated loans or special drawing rights from the International Monetary Fund (IMF), as they seek to revive economies experiencing the pandemic-induced shocks.