The Tanzanian shilling has weakened by 8.9% this year, making it the world’s worst-performing currency. This depreciation is due to rising imports and increased public debt for infrastructure investments. However, infrastructure spending is expected to strengthen the currency in the long term, provided the government manages debt sustainably and ensures efficient implementation of projects. Tanzania’s national debt stock remains broadly stable at USD 47.6 bln, with external debt rising 11.5% to USD 33.9 bln.