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 Disbursements — Press Release; Staff Report; and Statement by the Executive Director for Chad
IMF Staff Country Reports, November 28, 2016
Source details
- Canonical URL
- 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 Disbursements — Press Release; Staff Report; and Statement by the Executive Director for Chad
Other formats
Bibliographic details
- Published: November 28, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475557374.002
Summary of scope and requests
- Discusses Chad’s Third and Fourth Reviews Under the Extended Credit Facility (ECF) arrangement.
- Covers Requests for Waivers of Nonobservance of Performance Criteria (PCs), Augmentation of Access, Extension of the Current Arrangement, and Rephasing of Disbursements.
- Publication date: November 28, 2016.
- Format and access notes:
- Visit the IMF eLibrary — offers over 25,000 IMF publications in multiple formats.
- Download PDF; More Formats on IMF eLibrary; Order a Print Copy.
Key findings and assessment
- The authorities in Chad have implemented substantial fiscal adjustment to balance the budget and contain the accumulation of arrears.
- Liquidity conditions remain very tight.
- Social tensions have risen recently owing to the large cuts in current spending.
IMF staff position and recommendations
- IMF staff supports the completion of the third and fourth reviews under the ECF arrangement.
- IMF staff supports the waivers of nonobservance of PCs on:
- the nonaccumulation of domestic arrears
- nonaccumulation of external arrears
Thematic coverage and keywords
- Subject areas: 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 metadata and identifiers
- Pages: 79
- Volume: 2016
- Issue: 364
- Series: Country Report No. 2016/364
- DOI: https://doi.org/10.5089/9781475557374.002
- Stock No: 1TCDEA2016003
- ISBN: 9781475557374
- ISSN: 1934-7685
International Monetary Fund. African Dept. "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 Disbursements—Press Release; Staff Report; and Statement by the Executive Director for Chad", IMF Staff Country Reports 2016, 364 (2016), November 28, 2016.
Content in this bundle
- _cr16364 - Executive Summary