Chad: 2006 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chad

IMF Staff Country Reports, January 23, 2007

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Despite some progress in macroeconomic stabilization and reform under IMF-supported programs during the 1990s, Chad’s indicators on business climate, governance, and socioeconomic conditions still remain among the lowest in the world.
In 2006, real GDP is expected to grow by 1.3 percent, reflecting higher non-oil growth offsetting a somewhat larger fall in oil production than envisaged earlier.
Executive Directors have noted Chad’s efforts in maintaining macroeconomic stability and in channeling resources to priority sectors despite a difficult political and security environment.

Real GDP growth in 2006: 1.3 percent.
Growth drivers: higher non-oil growth offset by a somewhat larger fall in oil production than envisaged earlier.
Fiscal and public finance themes addressed: Budget planning and preparation; Expenditure; Public debt; Public financial management (PFM); Taxes, including oil, gas and mining taxes and oil-revenue stabilization mechanism.

Progress: Some macroeconomic stabilization and reform achieved during the 1990s under IMF-supported programs.
Remaining challenges: Business climate, governance, and socioeconomic conditions remain among the lowest globally.
Institutional and operational focus areas reflected in the document’s subject taxonomy:
- Budget planning and preparation
- Oil, oil-revenue, and gas and mining taxation
- Public debt and debt service
- Public financial management (PFM)
- Revenue mobilization and management policy