The Bank of Tanzania Act, Act No 4 of 2006.

a legal act or document related to the regulatory role of the Bank of Tanzania in monetary policy formulation, supervision of banks and financial institutions, and other related matters. Let’s break down the key components:

  1. More Responsive Regulatory Role: This likely means that the Bank of Tanzania aims to enhance its ability to adapt and respond effectively to changing economic conditions, financial challenges, and evolving policy needs.
  2. Formulation and Implementation of Monetary Policy: This section pertains to how the central bank (Bank of Tanzania) sets and executes policies related to the money supply, interest rates, and other monetary tools. These policies influence the economy by affecting borrowing costs, spending, and investment levels.
  3. Supervision of Banks and Financial Institutions: This indicates that the Bank of Tanzania is responsible for overseeing the activities of banks and other financial entities operating within the country. This supervision ensures that they comply with relevant regulations, maintain financial stability, and operate in a manner that protects the interests of consumers and the broader economy.
  4. Other Related Matters: This is a broad phrase that typically covers any additional issues or aspects that fall under the purview of the Bank of Tanzania. These could include things like currency issuance, foreign exchange policies, and possibly other financial regulatory functions.

Without the full text of the act or document, it’s difficult to provide specific details. However, based on the provided description, it seems like this act is focused on strengthening the regulatory framework around monetary policy and financial institutions in Tanzania. This could be in response to changes in the economic environment or to improve the stability and resilience of the financial sector.