IMF Staff Country Reports

Chad: Third and Fourth Reviews Under the Extended Credit Facility Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria, Augmentation of Access, Extension of the Current Arrangement, and Rephasing of Disbursement-Press Release; Staff Report; and Statement by the Executive Director for Chad

November 28, 2016

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Chad: Third and Fourth Reviews Under the Extended Credit Facility Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria, Augmentation of Access, Extension of the Current Arrangement, and Rephasing of Disbursement-Press Release; Staff Report; and Statement by the Executive Director for Chad, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Also available in: français

Summary

This paper discusses Chad’s Third and Fourth Reviews Under the Extended Credit Facility (ECF) arrangement, and Requests for Waivers of Nonobservance of Performance Criteria (PCs), Augmentation of Access, Extension of the Current Arrangement, and Rephasing of Disbursements. The authorities in Chad have implemented substantial fiscal adjustment to balance the budget and contain the accumulation of arrears. Nonetheless, liquidity conditions remain very tight, and social tensions have risen recently owing to the large cuts in current spending. IMF staff supports the completion of the third and fourth reviews under the ECF arrangement, the waivers of nonobservance of PCs on the nonaccumulation of domestic arrears and nonaccumulation of external arrears.

Subject: Budget planning and preparation, Commodities, External debt, Oil, Oil, gas and mining taxes, Public debt, Public financial management (PFM), Taxes

Keywords: Africa, Budget planning and preparation, Chadian authorities, CR, Development effort, ECF arrangement, Gas and mining taxes, Global, IMF Executive Board, ISCR, Oil, Oil revenue volatility, Spending envelope

Publication Details

  • Pages:

    79

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/364

  • Stock No:

    1TCDEA2016003

  • ISBN:

    9781475557374

  • ISSN:

    1934-7685

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