Chad: First Review Under the Extended Credit Facility Arrangement, and Request for a Waiver of Nonobservance of Performance Criteria - Press Release; Staff Report; and Statement by the Executive Director for Chad
April 27, 2018
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On April 13, 2018, the Executive Board of the International Monetary Fund (IMF) completed the first review of Chad’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. Completion of this review enables the immediate disbursement of SDR 35.05 million (about US$51 million). This brings total disbursements under the arrangement to SDR 70.1 million (about US$ 99.8 million). The Board also approved the authorities’ request to waive the non-observance of the continuous performance criterion on the non-accumulation of new external payments arrears, and to rephase the planned disbursements.
Subject: Arrears, Debt service, External debt, Fiscal policy, Fiscal stance, Public debt
Keywords: Africa, Arrears, broad money, Chad, Chadian authorities, Chadian oil price, Completes First ECF Review, CR, debt, Debt service, ECF arrangement, Fiscal stance, GDP, Glencore debt, ISCR, oil GDP, Sub-Saharan Africa
Pages:
85
Volume:
2018
DOI:
Issue:
108
Series:
Country Report No. 2018/108
Stock No:
1TCDEA2018001
ISBN:
9781484352823
ISSN:
1934-7685
