{
  "title": "Chad: Selected Issues",
  "publication": "IMF Staff Country Reports, July 31, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/07/31/chad-selected-issues-48548",
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  "summary": "This Selected Issues paper explores non-oil growth impediments in Chad to better understand why the Chadian economy has not sufficiently rebounded from the crisis.",
  "sections": [
    {
      "heading": "Overview and purpose",
      "content": "- Explores non-oil growth impediments in Chad to better understand why the Chadian economy has not sufficiently rebounded from the crisis.\n- Discusses crisis legacies—high public debt and a fragile banking sector—and long standing structural weaknesses that hamper potential growth.\n- Examines how fiscal policy, the non-oil private sector, and the banking sector remain affected by the recession and subsequent policy responses.\n- Concludes with discussion of reforms required to foster economic diversification and unlock Chad’s economic potential."
    },
    {
      "heading": "Key findings on crisis legacies",
      "content": "- Three years of recession in Chad have left important legacies that continue to affect fiscal policy and performance in the non-oil private sector and the banking sector.\n- Public domestic debt more than doubled with the crisis.\n- As the Chadian economy was hit by the oil shock, while dramatically cutting spending, the government had to rely on large domestic financing to cushion the impact of the shock.\n- Although the government started paying arrears, the remaining stock is very large and presents a drag on the non-oil economy."
    },
    {
      "heading": "Structural weaknesses constraining growth",
      "content": "- The economy is held back by:\n  - High public debt levels and large arrears.\n  - A fragile banking sector.\n  - Long standing structural weaknesses that limit potential growth and economic diversification."
    },
    {
      "heading": "Policy implications and reform priorities",
      "content": "- Reforms are required to address crisis legacies and structural weaknesses to foster economic diversification.\n- Key policy directions implied by the analysis:\n  - Continue reducing and managing public domestic debt and arrears to alleviate drag on the non-oil economy.\n  - Strengthen the banking sector to support private-sector-led non-oil growth.\n  - Implement structural reforms aimed at removing barriers to diversification and raising potential growth."
    },
    {
      "heading": "Publication metadata and key statistics",
      "content": "- Pages: 39\n- Volume: 2019\n- Issue: 259\n- Series: Country Report No. 2019/259\n- Stock No: 1TCDEA2019003\n- DOI: https://doi.org/10.5089/9781513509648.002\n- ISBN: 9781513509648\n- ISSN: 1934-7685\n- Subject: Arrears, Commercial banks, Corruption, Crime, Education, External debt, Financial institutions, Health\n\nInternational Monetary Fund. African Dept. \"Chad: Selected Issues\", IMF Staff Country Reports 2019, 259 (2019).\n\n---\n\n Content in this bundle\n\n- Chad: Selected Issues; IMF Country Report No. 19/259; June 18, 2019\n  - Chad: Selected Issues; IMF Country Report No. 19/259; June 18, 2019 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Chad: Selected Issues; IMF Country Report No. 19/259; June 18, 2019 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: July 31, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513509648.002",
    "Discusses crisis legacies—high public debt and a fragile banking sector—and long standing structural weaknesses that hamper potential growth.",
    "Examines how fiscal policy, the non-oil private sector, and the banking sector remain affected by the recession and subsequent policy responses.",
    "Concludes with discussion of reforms required to foster economic diversification and unlock Chad’s economic potential.",
    "Three years of recession in Chad have left important legacies that continue to affect fiscal policy and performance in the non-oil private sector and the banking sector.",
    "Public domestic debt more than doubled with the crisis.",
    "As the Chadian economy was hit by the oil shock, while dramatically cutting spending, the government had to rely on large domestic financing to cushion the impact of the shock.",
    "Although the government started paying arrears, the remaining stock is very large and presents a drag on the non-oil economy.",
    "The economy is held back by:",
    "Reforms are required to address crisis legacies and structural weaknesses to foster economic diversification.",
    "Key policy directions implied by the analysis:",
    "Pages: 39",
    "Volume: 2019",
    "Issue: 259",
    "Series: Country Report No. 2019/259",
    "Stock No: 1TCDEA2019003",
    "DOI: https://doi.org/10.5089/9781513509648.002",
    "ISBN: 9781513509648",
    "ISSN: 1934-7685",
    "Subject: Arrears, Commercial banks, Corruption, Crime, Education, External debt, Financial institutions, Health",
    "**Chad: Selected Issues; IMF Country Report No. 19/259; June 18, 2019**"
  ],
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