Chad: Second Review of the Program Under the Extended Credit Facility, Request for Waivers of Nonobservance of Performance Criteria, And Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Chad
IMF Staff Country Reports, August 22, 2018
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- Chad: Second Review of the Program Under the Extended Credit Facility, Request for Waivers of Nonobservance of Performance Criteria, And Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Chad
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Bibliographic details
- Published: August 22, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484373880.002
Review findings and compliance with program conditions
- All but one performance criterion (PC) for end-December 2017 were met.
- All structural benchmarks were met.
- Most indicative targets for end-March 2018 were met.
- The continuous PC on the nonaccumulation of external arrears was missed.
- The authorities are requesting waivers for the two missed PCs.
Debt restructuring and financing assurances
- The final agreement to restructure the Glencore debt was signed in June (prior action).
- The Glencore debt restructuring is reported to be in line with the program.
- The restructuring is stated to restore debt sustainability and generate sufficient financing for the program.
Subjects and keywords (as listed)
- Subject: Arrears, External debt, Fiscal policy, Fiscal stance, Public and publicly-guaranteed external debt, Public debt
- Keywords: amount, Arrears, center, Chadian authorities, CR, ECF arrangement, Fiscal stance, government, ISCR, nonobservance of the performance criterion, Public and publicly-guaranteed external debt, staff appraisal, waiver of nonobservance
Source: IMF Staff Country Report No. 2018/260 (August 22, 2018).
Content in this bundle
- Country Report