Chad: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Chad

August 17, 2016

Preview Citation

Format: Chicago

Chad: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Chad, (USA: International Monetary Fund, 2016) accessed December 26, 2024

Also available in: français

Summary

This 2016 Article IV Consultation highlights that macroeconomic outcomes in Chad continue to underperform, owing to the major impact of two exogenous shocks: lower oil prices and higher regional insecurity. Oil revenues have collapsed to a fraction of their previous level and are expected to recover only partially and gradually. Economic activity slowed sharply in 2015, with GDP growth estimated to have decelerated to 1.8 percent from 6.9 percent in 2014. The short- and medium-term outlooks remain challenging. Including a contraction of 1.1 percent in 2016, GDP growth is projected to average about 2 percent a year during 2016–18, compared with almost 5 percent during 2013–15.

Subject: External debt, Oil, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Public financial management (PFM), Taxes

Keywords: Authorities' effort, Chadian authorities, Clearance strategy, CR, Debt, Gas and mining taxes, GDP, ISCR, Oil, Oil price shock, Oil prices, Oil revenue, Price, Sub-Saharan Africa

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/274
Stock No:

1TCDEA2016001
ISBN:

9781475526875
ISSN:

1934-7685

Notes

Also available in French

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