DAR ES SALAAM, March 18 -- THE current account deficit narrowed over the past year, supported by stronger export earnings and a rebound in tourism, signalling improved resilience in key foreign exchangegenerating sectors.

The deficit dropped to 1.93 billion US dollars in the year ending January, from 2.44 billion US dollars a year earlier, as rising receipts from goods exports—particularly gold—and increased tourist arrivals eased pressure on the balance of payments.

According to the latest Monthly Economic Review by the Bank of Tanzania, the improvement came despite a rise in imports, with the overall import bill moderated by lower global oil prices.

The review notes that while imports increased, the growth in the import b...