## Chad: Selected Issues

_IMF Staff Country Reports, August 17, 2016_

## Source details

**Canonical URL:** [Chad: Selected Issues](https://www.imf.org/en/publications/cr/issues/2016/12/31/chad-selected-issues-44191)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/chad-selected-issues-44191/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/chad-selected-issues-44191/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/chad-selected-issues-44191/bundle-manifest.json)

## Bibliographic details
- Published: August 17, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475526899.002

---

### Main findings
- The paper discusses the structure of the financial sector in Chad and describes the key macro-financial linkages.
- Macro-financial linkages in Chad are driven by a government sector that dominates economic activities in the more modern sectors of the economy, thanks to oil-related revenues.
- The main macro-financial linkages are indirect through the associated sharp fiscal adjustment and the government’s quest for additional financing.
- Direct credit risks linked to the oil sector appear limited.
- There seems to be a link between declining oil prices and deteriorating banking soundness indicators.
- Current economic conditions negatively affect private companies dependent on public contracts, potentially hitting the health of banks’ loan portfolios.

### Policy-relevant implications
- Fiscal adjustment and government financing needs are central channels through which oil revenue shocks affect the financial sector.
- Monitoring of banking soundness indicators is important given the observed association with declining oil prices.
- The exposure of private companies to public contracts implies that public sector spending cuts can transmit to bank asset quality.

### Subject coverage and keywords
- Subject: Commodities; Expenditure; Financial institutions; Oil; Oil, gas and mining taxes; Public investment and public-private partnerships (PPP); Public investment spending; Taxes; Treasury bills and bonds
- Keywords: Africa; Central Africa; Chad; Chadian authorities; CR; gas and mining taxes; Global; investment; investment efficiency; investment project; investment stock; ISCR; making investments function; Oil; Public investment and public-private partnerships (PPP); Public investment spending; securities; Sub-Saharan Africa; treasury bill; Treasury bills and bonds; Treasury securities

---

## Content in this bundle

- **Chad: Selected Issues; IMF Country Report No. 16/275; July 8, 2016**
  - [Chad: Selected Issues; IMF Country Report No. 16/275; July 8, 2016 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16275.pdf.md){rel="alternate" type="text/markdown"}
  - [Chad: Selected Issues; IMF Country Report No. 16/275; July 8, 2016 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16275.pdf){rel="external" type="application/pdf"}
- **Tchad: Questions generales; Rapport du FMI No 16/275; 8 juillet 2016**
  - [Tchad: Questions generales; Rapport du FMI No 16/275; 8 juillet 2016 (Markdown version)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2016/_cr16275f.pdf.md){rel="alternate" type="text/markdown"}
  - [Tchad: Questions generales; Rapport du FMI No 16/275; 8 juillet 2016 (PDF)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2016/_cr16275f.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/chad-selected-issues-44191_