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
IMF Staff Country Reports, August 4, 2017
Source details
- Canonical URL
- 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
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Bibliographic details
- Published: August 4, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484313893.002
Overview
- Publication date: August 4, 2017
- Format: IMF Staff Country Reports
- Pages: 97
- Volume: 2017
- Issue: 246
- Series: Country Report No. 2017/246
- DOI: https://doi.org/10.5089/9781484313893.002
- Stock No: 1TCDEA2017001
- ISBN: 9781484313893
- ISSN: 1934-7685
Main elements of the proposed ECF program
- Reestablishment of debt sustainability through external debt restructuring.
- Achieving gradual fiscal adjustment by maintaining a tight spending envelope.
- Better mobilizing non-oil revenue.
- Creating space for domestic arrears clearance.
- Strengthening public financial management.
- Diversifying the economy to support the non-oil sector.
Policy objectives and intended outcomes
- Stabilize the fiscal position.
- Help achieve a durable economic recovery.
- Support regional stabilization efforts.
- Boost the non-oil sector through revenue mobilization and diversification.
- Provide scope for clearing domestic arrears via fiscal consolidation and debt restructuring.
Institutional stance and recommendations
- IMF staff supports the authorities’ request for a new ECF arrangement.
- Emphasis on strengthening public financial management as a complement to fiscal adjustment and revenue measures.
International Monetary Fund. African Dept. "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", IMF Staff Country Reports 2017, 246 (2017).
Content in this bundle
- Country Report