Chad: Fifth Review under the Extended Credit Facility Arrangement and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Chad
IMF Staff Country Reports, December 27, 2019
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- Chad: Fifth Review under the Extended Credit Facility Arrangement and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Chad
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Bibliographic details
- Published: December 27, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513524733.002
Overview and main findings
- The paper highlights Chad’s Fifth Review Under the Extended Credit Facility (ECF) Arrangement and Financing Assurances Review.
- Chad’s performance under the Fund’s ECF-supported program has been broadly satisfactory, reflecting strong commitment by the authorities despite a challenging environment, including security concerns and a tense social situation.
- Good progress on the structural reform agenda has been made, despite some delays.
Key policy priorities and recommendations
- Continue to pursue prudent fiscal policy, particularly in the run up to the upcoming elections.
- Create enough fiscal space for increased social and development spending.
- Pay down domestic debt and arrears.
Program support and regional context
- Chad’s program is supported by the implementation of supportive policies and reforms by the regional institutions in the areas of foreign exchange regulations and monetary policy framework.
- Supportive regional policies aim to increase regional net foreign assets, which are described as critical to the program’s success.
Subject focus and keywords
- Subject: Arrears, Expenditure, External debt, Fiscal policy, Fiscal stance, Oil, Oil, gas and mining taxes, Taxes
- Keywords: Africa, Arrears, audit result, CBT, Chadian authorities, CR, development partner, ECF arrangement, Executive Board discussion, fiscal consolidation effort, Fiscal stance, gas and mining taxes, Global, ISCR, Oil, program implementation
Content in this bundle
- 1tcdea2019004