Dar es Salaam, April 29 -- THE Bank of Tanzania (BoT) has warned of mounting economic pressures facing the region, urging stronger national responses to challenges such as the abrupt withdrawal of foreign aid and rising global tariffs.

The call came as the International Monetary Fund (IMF) released its latest Regional Economic Outlook yesterday, which showed that economic activity in sub-Saharan Africa (SSA) exceeded expectations in 2024.

The report indicates that the regions GDP grew by 4.0 per cent in last year, up from 3.6 per cent registered in 2023. However, the IMF has slightly revised its forecasts for the coming years, projecting growth to moderate to 3.8 per cent this year before rebounding to 4.2 per cent next year.

BoTs Depu...