Chad : First Review Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Request for Modification of Performance Criteria, and Augmentation of Access.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2015/123

IMF Staff Country Reports

Language:

English

Subjects (All):

Chad--Economic conditions.

Economic assistance--Chad.

Fiscal policy--Chad.

International Monetary Fund--Chad.

Loans, Foreign--Chad.

Local Subjects:

Chad--Economic conditions.

Economic assistance--Chad.

Fiscal policy--Chad.

International Monetary Fund--Chad.

Loans, Foreign--Chad.

Physical Description:

1 online resource (113 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Language Note:

English

Summary:

This paper discusses Chad’s First Review Under the Extended Credit Facility (ECF) Arrangement, Request for Waivers of Nonobservance of Performance Criteria (PC), and Request for Modification of PC, and Augmentation of Access. Performance under the ECF supported program was broadly satisfactory in 2014, with four of six quantitative PCs observed as of end-December, and sustained implementation of the structural reform agenda. The authorities have adopted decisive measures to address large oil revenue shortfalls and close the external financing gap, particularly through a significant fiscal adjustment in 2015 and beyond. The IMF staff supports the completion of the first review under the ECF arrangement.

Contents:

Cover Page; Title Page; Copyright Page; Contents; APPENDICES; TABLES; FIGURE; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; 1. Recent Economic Developments; PROGRAM PERFORMANCE IN 2014; 1. Selected Economic and Financial Indicators, 2012-19; 2. Real GDP per sector, 2012-19; 3. Fiscal Operations of the Central Government, 2012-19; 4. Fiscal Operations of the Central Government, 2012-19; 5. Balance of Payments, 2012-19; 6. Monetary Survey, 2012-17; 7. Financial Soundness Indicators, 2008-14; 8. Quantitative Performance Criteria (QPC) and Indicative Targets (IT) Under the ECF for 2014

9. Structural Conditionality Under the ECF for 2014POLICY DISCUSSIONS FOR 2015 AND THE REST OF THE PROGRAM; A. Medium-Term Macroeconomic Framework; B. Fiscal Policy for 2015; C. The Medium-Term Fiscal Path; D. Structural Reform Agenda; PROGRAM MODALITIES, SAFEGUARDS, AND RISKS; 10a. Original Schedule of Disbursements Under the ECF Arrangement, 2014-17; 10b. Proposed new Schedule of Disbursement Under the ECF Arrangement, 2014-17; 11. Indicators of Capacity to Repay the Fund, 2015-25; HIPC INITIATIVE COMPLETION POINT; STAFF APPRAISAL; I. Letter of Intent

I. Memorandum of Economic and Financial Policies for 2015-17II. Technical Memorandum of Understanding; Footnotes

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781484386828

1484386825

9781484385852

1484385853