{
  "title": "Chad: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chad",
  "publication": "IMF Staff Country Reports, December 12, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/12/12/chad-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-559436",
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  "summary": "The 2024 Article IV Consultation discusses Chad’s post-pandemic recovery picked up steam in 2023 with growth increasing to 4.9 percent. Economic growth is projected to decline to 3.",
  "sections": [
    {
      "heading": "Summary of recent performance and projections",
      "content": "- Post-pandemic recovery picked up steam in 2023 with growth increasing to 4.9 percent.\n- Economic growth is projected to decline to 3.1 percent in 2024 on account of the impact of the recent floods and a slight decline in oil production.\n- Growth would rebound in the medium term owing to sustained public investment and structural reforms."
    },
    {
      "heading": "Risks to the outlook",
      "content": "- Risks to the outlook are substantial and tilted to the downside, including:\n  - Potential delays in implementing fiscal consolidation measures.\n  - A larger-than-expected decline in oil prices.\n  - An increase in the influx of Sudanese refugees.\n  - A further increase in the frequency and severity of climate change-related events."
    },
    {
      "heading": "Banking sector and fiscal/structural actions",
      "content": "- Restructuring plans aimed at improving the operational and financial performance of the two systemic public banks while providing for their recapitalization need to be adopted and implemented expeditiously.\n- Strengthening governance and anticorruption frameworks is essential.\n- Measures to improve education, increase access to basic infrastructure, and promote formalization and financial inclusion are necessary to create a favorable business environment."
    },
    {
      "heading": "Key policy priorities highlighted",
      "content": "- Adopt and implement bank restructuring and recapitalization plans without delay.\n- Advance fiscal consolidation measures to reduce downside risks.\n- Strengthen governance and anticorruption frameworks to support reforms and private-sector confidence.\n- Invest in education and basic infrastructure to support medium-term growth.\n- Promote formalization and financial inclusion to expand participation in the formal economy.\n\nInternational Monetary Fund. Chad: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chad.\n\n---\n\n Content in this bundle\n\n- 1tcdea2024001-print-pdf\n  - 1tcdea2024001-print-pdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1tcdea2024001-print-pdf (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 12, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400295065.002",
    "Post-pandemic recovery picked up steam in 2023 with growth increasing to 4.9 percent.",
    "Economic growth is projected to decline to 3.1 percent in 2024 on account of the impact of the recent floods and a slight decline in oil production.",
    "Growth would rebound in the medium term owing to sustained public investment and structural reforms.",
    "Risks to the outlook are substantial and tilted to the downside, including:",
    "Restructuring plans aimed at improving the operational and financial performance of the two systemic public banks while providing for their recapitalization need to be adopted and implemented expeditiously.",
    "Strengthening governance and anticorruption frameworks is essential.",
    "Measures to improve education, increase access to basic infrastructure, and promote formalization and financial inclusion are necessary to create a favorable business environment.",
    "Adopt and implement bank restructuring and recapitalization plans without delay.",
    "Advance fiscal consolidation measures to reduce downside risks.",
    "Strengthen governance and anticorruption frameworks to support reforms and private-sector confidence.",
    "Invest in education and basic infrastructure to support medium-term growth.",
    "Promote formalization and financial inclusion to expand participation in the formal economy.",
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