## 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

_IMF Staff Country Reports, December 21, 2015_

## Source details

**Canonical URL:** [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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/chad-second-review-under-the-extended-credit-facility-arrangement-and-requests-for-waivers-43479/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/chad-second-review-under-the-extended-credit-facility-arrangement-and-requests-for-waivers-43479/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/chad-second-review-under-the-extended-credit-facility-arrangement-and-requests-for-waivers-43479/bundle-manifest.json)

## Bibliographic details
- Published: December 21, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484318935.002

---

### Summary and Purpose
- 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:
  - completion of the second review under the ECF arrangement;
  - waivers of nonobservance for the PCs on contracting of nonconcessional external debt, and nonaccumulation of domestic payment arrears;
  - modification of PCs.

### Key Findings on Program Performance
- 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.

### Policy Recommendations and IMF Staff Actions
- Support completion of the second review under the ECF arrangement.
- Support waivers of nonobservance for:
  - the PC on contracting of nonconcessional external debt;
  - the PC on nonaccumulation of domestic payment arrears.
- Support modification of performance criteria (PCs) as requested.

### Thematic Coverage and Subjects
- Budget planning and preparation
- Commodities
- Debt service
- Expenditure
- External debt
- Oil
- Oil, gas and mining taxes
- Public financial management (PFM)
- Taxes

### Keywords and Stakeholders Referenced
- authorities' strategy
- Budget planning and preparation
- budget support
- Chadian authorities
- CR
- Debt service
- ECF arrangement
- financing
- gas and mining taxes
- GDP
- government
- government payment
- IMF Executive Board
- ISCR
- Oil

---

## Content in this bundle

- **_cr15351**
  - [_cr15351 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15351.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr15351 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15351.pdf){rel="external" type="application/pdf"}
- **_cr15351f**
  - [_cr15351f (Markdown version)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2015/_cr15351f.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr15351f (PDF)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2015/_cr15351f.pdf){rel="external" type="application/pdf"}

---

_Source: 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_