Chad: Staff-Monitored Program
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Summary:
This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns have limited economic development and donor support in Chad. It is highlighted that the reduction in the nonoil primary deficit envisaged in the 2013 budget appears appropriate, but expenditures linked to the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant economic and political risks to program implementation,; the regional security situation remains volatile, and the economy is highly dependent on volatile oil revenue.
Series:
Country Report No. 2013/284
Subject:
Budget planning and preparation Expenditure Fiscal policy Fiscal stance Oil, gas and mining taxes Public debt Public financial management (PFM) Taxes
Notes:
English
Publication Date:
September 9, 2013
ISBN/ISSN:
9781484324073/1934-7685
Stock No:
1TCDEA2013002
Pages:
42
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