DAR ES SALAAM, June 4 -- THE external sector showed notable improvement, with the current account deficit narrowing to 2.02 billion US dollars from 2.93 billion US dollars in the same period last year, driven primarily by stronger growth in export earnings relative to imports.

According to the latest Bank of Tanzania (BoT) monthly economic review, this development signals increased global demand for Tanzanian goods and services.

“Such an improvement not only eases pressure on foreign exchange reserves and strengthens the balance of payments, narrowing deficit but also helps bolster the Tanzanian shilling by supporting exchange rate stability and enhancing investor confidence in the countrys economic outlook,” the Bank stated...