{
  "title": "IMF Statement at the end of a Staff Visit to Chad",
  "publication": "IMF News, February 13, 2020",
  "sourceUrl": "https://www.imf.org/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit",
  "canonical": "https://www.imf.org/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit",
  "overlayPath": "/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit/index.md",
  "summary": "Economic activity is expected to continue to recover and the macroeconomic outlook remains broadly positive.",
  "publishDate": "2020-02-13",
  "sections": [
    {
      "heading": "Economic outlook and activity",
      "content": "- Economic activity is expected to continue to recover and the macroeconomic outlook remains broadly positive.\n- Non-oil economy projected to grow at 3 percent this year, supported by:\n  - higher public investment,\n  - domestic arrears repayment,\n  - pick-up in cotton and livestock.\n- Oil GDP expected to grow by 7.5 percent due to new extraction technologies and additional production from new fields.\n- Inflation last year was in negative territory (-1 percent annual average) and is projected to remain below 3 percent this year."
    },
    {
      "heading": "Program performance and 2019 assessment",
      "content": "- Preliminary data suggest that performance under the IMF-supported program was broadly satisfactory in 2019.\n- Fiscal performance on track.\n- Both non-oil and oil revenues exceeded projections.\n- Wage bill slightly exceeded its target, offset by:\n  - underspending on goods and services, mainly reflecting procurement problems.\n- Domestic investments exceeded the end-year target due to security spending.\n- Banking sector liquidity has improved, reflecting higher deposit collection, but vulnerabilities remain in some banks."
    },
    {
      "heading": "Emerging risks and fiscal pressures",
      "content": "- Spending pressures are emerging, which could undermine the fiscal adjustment implemented since the 2014-15 economic crisis.\n- Maintaining fiscal discipline in the run up to the parliamentary and presidential elections is critical for:\n  - macroeconomic stability,\n  - maintaining a sustainable debt position."
    },
    {
      "heading": "Policy recommendations and reform priorities",
      "content": "- Authorities should continue to focus on:\n  - strengthening domestic revenue mobilization,\n  - streamlining exemptions,\n  - improving VAT collection,\n  - controlling the wage bill,\n  - increasing social spending,\n  - clearing domestic arrears.\n- Continue the reform agenda, including in the banking sector."
    },
    {
      "heading": "Engagement, next steps, and contacts",
      "content": "- IMF mission led by Edward Gemayel visited N’Djamena during February 6-12 to take stock of developments and follow-up on structural reform implementation.\n- Discussions for the 6th and last review under the current ECF arrangement will be:\n  - initiated in Washington during the Spring Meetings,\n  - pursued in N’Djamena at the end of April.\n- During the visit, the mission met:\n  - Mr. Tahir Hamid Nguilin, Minister of Finance and Budget,\n  - Mr. Issa Doubragne, Minister of Economy and Development Planning,\n  - Mr. Annour Mahamat Hassan, the National Director of BEAC,\n  - other senior officials and representatives of international development partners.\n- Media relations contact: PRESS OFFICER: Lucie Mboto Fouda; Phone: +1 202 623-7100; Email: MEDIA@IMF.org\n\nIMF Statement at the end of a Staff Visit to Chad (February 13, 2020).\n\n---\n\n\n References\n\n- Chad and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit"
    }
  ],
  "bullets": [
    "[Markdown version](/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit/index.md)",
    "[Structured JSON version](/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit/index.json)",
    "[Bundle manifest](/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit/bundle-manifest.json)",
    "Published: February 13, 2020",
    "Economic activity is expected to continue to recover and the macroeconomic outlook remains broadly positive.",
    "Non-oil economy projected to grow at 3 percent this year, supported by:",
    "Oil GDP expected to grow by 7.5 percent due to new extraction technologies and additional production from new fields.",
    "Inflation last year was in negative territory (-1 percent annual average) and is projected to remain below 3 percent this year.",
    "Preliminary data suggest that performance under the IMF-supported program was broadly satisfactory in 2019.",
    "Fiscal performance on track.",
    "Both non-oil and oil revenues exceeded projections.",
    "Wage bill slightly exceeded its target, offset by:",
    "Domestic investments exceeded the end-year target due to security spending.",
    "Banking sector liquidity has improved, reflecting higher deposit collection, but vulnerabilities remain in some banks.",
    "Spending pressures are emerging, which could undermine the fiscal adjustment implemented since the 2014-15 economic crisis.",
    "Maintaining fiscal discipline in the run up to the parliamentary and presidential elections is critical for:",
    "Authorities should continue to focus on:",
    "Continue the reform agenda, including in the banking sector.",
    "IMF mission led by Edward Gemayel visited N’Djamena during February 6-12 to take stock of developments and follow-up on structural reform implementation.",
    "Discussions for the 6th and last review under the current ECF arrangement will be:",
    "During the visit, the mission met:",
    "Media relations contact: PRESS OFFICER: Lucie Mboto Fouda; Phone: +1 202 623-7100; Email: MEDIA@IMF.org",
    "[Chad and the IMF](http://www.imf.org/external/country/TCD/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
  ],
  "alternates": {
    "markdown": "/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit/index.md",
    "json": "/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit/index.json",
    "bundleManifest": "/en/news/articles/2020/02/13/pr2049-chad-imf-statement-at-the-end-of-a-staff-visit/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-25T23:26:47.790Z"
}