{
  "title": "Chad: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Chad",
  "publication": "IMF Staff Country Reports, August 17, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/chad-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-44190",
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  "summary": "This 2016 Article IV Consultation highlights that macroeconomic outcomes in Chad continue to underperform, owing to the major impact of two exogenous shocks: lower oil prices and higher regional insecurity.",
  "sections": [
    {
      "heading": "Macroeconomic shocks and overview",
      "content": "- Macroeconomic outcomes in Chad continue to underperform owing to two exogenous shocks: lower oil prices and higher regional insecurity.\n- Oil revenues have collapsed to a fraction of their previous level and are expected to recover only partially and gradually.\n- Economic activity slowed sharply in 2015."
    },
    {
      "heading": "Key findings and projections",
      "content": "- GDP growth in 2015 is estimated to have decelerated to 1.8 percent from 6.9 percent in 2014.\n- 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."
    },
    {
      "heading": "The outlook and challenges",
      "content": "- The short- and medium-term outlooks remain challenging due to the combination of collapsed oil revenues and heightened regional insecurity.\n- Recovery of oil revenues is expected to be partial and gradual, implying limited near-term fiscal space."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- External debt\n- Oil\n- Oil prices\n- Oil, gas and mining taxes\n- Prices\n- Public debt\n- Public financial management (PFM)\n- Taxes\n\n- 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\n\n---\n\n Content in this bundle\n\n- Cr16274\n  - Cr16274 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr16274 (PDF){rel=\"external\" type=\"application/pdf\"}\n- tchad: Consultations de 2016 au titre de l’article IV; Rapport du FMI No 16/274; 8 juillet 2016\n  - tchad: Consultations de 2016 au titre de l’article IV; Rapport du FMI No 16/274; 8 juillet 2016 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - tchad: Consultations de 2016 au titre de l’article IV; Rapport du FMI No 16/274; 8 juillet 2016 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 17, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475526875.002",
    "Macroeconomic outcomes in Chad continue to underperform owing to two exogenous shocks: lower oil prices and higher regional insecurity.",
    "Economic activity slowed sharply in 2015.",
    "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 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.",
    "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",
    "**Cr16274**",
    "**tchad: Consultations de 2016 au titre de l’article IV; Rapport du FMI No 16/274; 8 juillet 2016**"
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