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

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

August 22, 2018

Electronic Access:

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Summary:

The current ECF arrangement (access of 160 percent of quota or SDR 224.32 million) was approved on June 30, 2017 in the context of a very difficult and deteriorating social, economic, and financial situation. The crisis was precipitated by the oil price and security shocks that began in 2014, and the heavy burden of external commercial debt. An agreement in principle to restructure the Glencore debt was reached in February 2018, which paved the way for the completion of the first review in April 2018. Chad’s stability is key for the regional security situation given its regional peace-keeping efforts.

Series:

Country Report No. 18/260

Subject:

English

Publication Date:

August 22, 2018

ISBN/ISSN:

9781484373880/1934-7685

Stock No:

1TCDEA2018002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

76

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