{
  "title": "Chad: Second Review Under the Extended Credit Facility Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria and for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Chad",
  "publication": "IMF Staff Country Reports, December 21, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/chad-second-review-under-the-extended-credit-facility-arrangement-and-requests-for-waivers-43479",
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  "summary": "This paper discusses Chad’s Second Review Under the Extended Credit Facility (ECF) Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria (PCs) and for Modification of PCs.",
  "sections": [
    {
      "heading": "Summary and Purpose",
      "content": "- Discusses Chad’s Second Review Under the Extended Credit Facility (ECF) Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria (PCs) and for Modification of PCs.\n- Despite the weaker economy, program performance under the ECF was broadly satisfactory in the first half of 2015.\n- IMF staff supports:\n  - completion of the second review under the ECF arrangement;\n  - waivers of nonobservance for the PCs on contracting of nonconcessional external debt, and nonaccumulation of domestic payment arrears;\n  - modification of PCs."
    },
    {
      "heading": "Key Findings on Program Performance",
      "content": "- Four of the six performance criteria (PCs) were met in the first half of 2015.\n- Progress on the structural reform agenda was in line with program objectives.\n- Overall assessment: broadly satisfactory performance under the ECF-supported program despite weaker economic conditions."
    },
    {
      "heading": "Policy Recommendations and IMF Staff Actions",
      "content": "- Support completion of the second review under the ECF arrangement.\n- Support waivers of nonobservance for:\n  - the PC on contracting of nonconcessional external debt;\n  - the PC on nonaccumulation of domestic payment arrears.\n- Support modification of performance criteria (PCs) as requested."
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      "heading": "Thematic Coverage and Subjects",
      "content": "- Budget planning and preparation\n- Commodities\n- Debt service\n- Expenditure\n- External debt\n- Oil\n- Oil, gas and mining taxes\n- Public financial management (PFM)\n- Taxes"
    },
    {
      "heading": "Keywords and Stakeholders Referenced",
      "content": "- authorities' strategy\n- Budget planning and preparation\n- budget support\n- Chadian authorities\n- CR\n- Debt service\n- ECF arrangement\n- financing\n- gas and mining taxes\n- GDP\n- government\n- government payment\n- IMF Executive Board\n- ISCR\n- Oil\n\n---\n\n Content in this bundle\n\n- cr15351\n  - cr15351 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15351 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr15351f\n  - cr15351f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15351f (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 21, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484318935.002",
    "Discusses Chad’s Second Review Under the Extended Credit Facility (ECF) Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria (PCs) and for Modification of PCs.",
    "Despite the weaker economy, program performance under the ECF was broadly satisfactory in the first half of 2015.",
    "IMF staff supports:",
    "Four of the six performance criteria (PCs) were met in the first half of 2015.",
    "Progress on the structural reform agenda was in line with program objectives.",
    "Overall assessment: broadly satisfactory performance under the ECF-supported program despite weaker economic conditions.",
    "Support completion of the second review under the ECF arrangement.",
    "Support waivers of nonobservance for:",
    "Support modification of performance criteria (PCs) as requested.",
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