Chad : Request for a Three-Year Arrangement Under the Extended Credit Facility and Cancellation of the Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Chad

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

August 4, 2017

Electronic Access:

Free Full Text (PDF file size is 2081 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Chad has been enduring the intensifying effect of oil price and security shocks as well as a heavy external debt service burden. In spite of dramatic fiscal adjustments, the economic and social situation has worsened, and liquidity pressure is now felt across a segment of the banking sector as the government continued to accumulate arrears. The authorities are requesting a three-year arrangement under the Extended Credit Facility (ECF) in the amount of SDR 224.32 million (160 percent of quota) in support of their medium-term economic program, after the cancelation of the existing ECF. The new ECF arrangement is expected to address the country’s protracted balance of payments problems by supporting policies required to stabilize and revive the economy.

Series:

Country Report No. 17/246

English

Publication Date:

August 4, 2017

ISBN/ISSN:

9781484313893/1934-7685

Stock No:

1TCDEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

97

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