Chad: Staff Report for the 2003 Article IV Consultation; and Ex Post Assessment of Performance Under ESAF/PRGF Programs
IMF Staff Country Reports, April 29, 2004
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- Chad: Staff Report for the 2003 Article IV Consultation; and Ex Post Assessment of Performance Under ESAF/PRGF Programs
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Bibliographic details
- Published: April 29, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836431.002
Key findings and summary
- Chad has succeeded in recent years in broadly maintaining macroeconomic stability and a high growth rate of economic activity.
- There has been a significant effort to formulate the detailed modalities for the use of oil revenues so as to ensure that oil revenues are used transparently and efficiently in the fight against poverty.
- It is essential to maintain an appropriate fiscal expenditure policy.
- Executive Directors urge the government to sustainably improve public expenditure management.
- Improving non-oil fiscal revenue performance is essential for eventually attaining fiscal sustainability.
Fiscal and public financial management issues
- Maintain an appropriate fiscal expenditure policy.
- Sustainably improve public expenditure management.
- Improve non-oil fiscal revenue performance to move toward fiscal sustainability.
Oil sector and revenue management
- Detailed modalities for the use of oil revenues have been formulated with the objective that oil revenues are used transparently and efficiently in the fight against poverty.
Policy emphasis and priorities
- Transparency and efficiency in the use of oil revenues to fight poverty.
- Fiscal discipline and strengthened public financial management.
- Enhanced non-oil revenue mobilization as a path to fiscal sustainability.