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

December 27, 2019

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2019) accessed December 26, 2024

Also available in: français

Summary

This 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. Looking ahead, it is essential that the authorities 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, and pay down domestic debt and arrears. 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 and to support an increase in regional net foreign assets, which are critical to the program’s success.

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

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/399
Stock No:

1TCDEA2019004
ISBN:

9781513524733
ISSN:

1934-7685

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