ZANZIBAR, Oct. 21 -- THE International Monetary Fund (IMF) has commended President Samia Suluhu Hassan and Zanzibar President Dr Hussein Mwinyi for the prudent and transparent use of Covid-19 relief funds, which has earned Tanzania and Zanzibar global recognition for sound fiscal management.

The praise was revealed by the Zanzibar Minister of State in the Presidents Office (Finance and Planning), Dr Saada Mkuya Salum, during a ceremony held at State House, Zanzibar, to honour President Mwinyis economic and financial reforms.

The event also marked the first distribution of dividends to investors in the Zanzibar Sukuk and the launch of a new Sharia-compliant social security scheme.

Dr Mkuya noted that the IMF praised both leaders for the...