Identifier
Created
Classification
Origin
09DARESSALAAM212
2009-03-31 07:49:00
UNCLASSIFIED
Embassy Dar Es Salaam
Cable title:  

TANZANIA MEDIA REACTION: Avoid Panic over Global Economic

Tags:  OPRC KPAO KMDR ECON TZ 
pdf how-to read a cable
VZCZCXRO4713
RR RUEHBZ RUEHDU RUEHGI RUEHJO RUEHMA RUEHMR RUEHPA RUEHRN RUEHTRO
DE RUEHDR #0212 0900749
ZNR UUUUU ZZH
R 310749Z MAR 09
FM AMEMBASSY DAR ES SALAAM
TO RUEHC/SECSTATE WASHDC 8379
INFO RUEHZO/AFRICAN UNION COLLECTIVE
RUEHLMC/MILLENNIUM CHALLENGE CORPORATION WASHINGTON DC
UNCLAS DAR ES SALAAM 000212 

SIPDIS

FOR INR/OPN/MR, AF/E:JLIDDLE and AF/EPS:MJOHNSON

E.O. 12958: N/A
TAGS: OPRC KPAO KMDR ECON TZ
SUBJECT: TANZANIA MEDIA REACTION: Avoid Panic over Global Economic
Crisis

UNCLAS DAR ES SALAAM 000212

SIPDIS

FOR INR/OPN/MR, AF/E:JLIDDLE and AF/EPS:MJOHNSON

E.O. 12958: N/A
TAGS: OPRC KPAO KMDR ECON TZ
SUBJECT: TANZANIA MEDIA REACTION: Avoid Panic over Global Economic
Crisis


1. The March 29 edition of English language "The Sunday Citizen"
(circulation 7,500) carried the editorial commentary entitled
"Africa Should Avoid Panic Over Global Crisis," on page 8 from Bank
of Tanzania's Governor Benno Ndulu:
"The impact of the global financial crisis has been largely muted in
many African countries. That is thanks in no small part to the
prudent management of these economies in recent years. The
fundamentals of the economy in Tanzania, for example, remain sound.
Banks are well capitalized and although interest rates have edged up
marginally, we have not seen the dramatic disruptions witnessed in
developed countries. Yet the effects of the downturn in the
West--faltering demand for primary commodities, pressure on capital
flows and a drop in tourism arrivals--will inevitably mean slower
growth o~hTher&eI\