Chad: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Chad
IMF Staff Country Reports, August 17, 2016
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- Chad: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Chad
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Bibliographic details
- Published: August 17, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475526875.002
Macroeconomic shocks and overview
- Macroeconomic outcomes in Chad continue to underperform owing to two exogenous shocks: lower oil prices and higher regional insecurity.
- Oil revenues have collapsed to a fraction of their previous level and are expected to recover only partially and gradually.
- Economic activity slowed sharply in 2015.
Key findings and projections
- GDP growth in 2015 is estimated to have decelerated to 1.8 percent from 6.9 percent in 2014.
- Including a contraction of 1.1 percent in 2016, GDP growth is projected to average about 2 percent a year during 2016–18, compared with almost 5 percent during 2013–15.
The outlook and challenges
- The short- and medium-term outlooks remain challenging due to the combination of collapsed oil revenues and heightened regional insecurity.
- Recovery of oil revenues is expected to be partial and gradual, implying limited near-term fiscal space.
Subject areas and keywords (as listed)
- External debt
- Oil
- Oil prices
- Oil, gas and mining taxes
- Prices
- Public debt
- Public financial management (PFM)
- Taxes
- Keywords: authorities' effort, Chadian authorities, clearance strategy, CR, debt, gas and mining taxes, GDP, ISCR, Oil, oil price shock, Oil prices, oil revenue, price, Sub-Saharan Africa
Content in this bundle
- Cr16274
- tchad: Consultations de 2016 au titre de l’article IV; Rapport du FMI No 16/274; 8 juillet 2016