Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Chad

The new 36-month ECF arrangement, in an amount of SDR 392.56 million will help meet Chad’s large balance-of-payments and budgetary needs

The Chadian authorities and the staff of the International Monetary Fund (IMF) started discussions for the first review under the ECF-supported program approved on December 10. These discussions will continue in the coming days. Chad’s economic and financial situation was weaker than expected in 2021. Oil production was significantly lower…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Chad

The recently approved Extended Credit Facility (ECF) arrangement by the IMF Executive Board will help lessen the severe stress on the economy

Chad’s economic and financial situation and medium-term prospects have worsened due to a series of long-lasting shocks since the onset of the COVID-19 pandemic; The recently approved Extended Credit Facility (ECF) arrangement by the IMF Executive Board will help lessen the severe stress on the economy and put it on…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Chad

The mission took stock of macroeconomic and financial developments, discussed progress on government’s reform priorities, and reviewed the government’s efforts

Chad’s economic and financial situation and medium-term prospects have steadily worsened due to a series of long-lasting shocks since the onset of the pandemic coupled with delays in donor support caused by insufficient progress on debt treatment discussions; Following the financing assurances in support of a debt treatment from the creditor…

Source: International Monetary Fund (IMF) |

Statement by IMF African Department Director Abebe Aemro Selassie: Debt Treatment from Chad’s Private Creditors is Crucial to its Economic Recovery

Chad’s economic and financing situation continues to worsen following the combined shocks of the COVID-19 pandemic, oil price decline, climate change, and terrorist attacks

Mr. Abebe Aemro Selassie , Director of the International Monetary Fund’s (IMF) African Department, has issued the following statement on Chad: “Chad’s economic and financing situation continues to worsen following the combined shocks of the COVID-19 pandemic, oil price decline, climate change, and terrorist attacks. IMF staff and the Chadian authorities have…

Source: International Monetary Fund (IMF) |

Coronavirus - Chad: International Monetary Fund (IMF) Executive Board approves an additional US$69.49 Million disbursement for Chad and notes Cancellation of its Extended Credit Facility (ECF) Arrangement

Disbursement will provide timely support to fill an urgent financing need to contain the economic impact of the pandemic and provide essential COVID-19-related health expenditure

This is the second disbursement under the Rapid Credit Facility (RCF), to address urgent balance of payment needs stemming from the COVID-19 pandemic; the Chadian economy continues to be severely impacted by the twin Covid-19 pandemic and terms of trade shocks, which led to a weaker than previously envisaged economic…

Source: International Monetary Fund (IMF) |

Coronavirus - Chad: International Monetary Fund (IMF) Staff Completes Discussions for an Additional US$68 Million Disbursement to Chad to Address the COVID-19 Pandemic

Chad’s economy has been severely impacted by the twin COVID-19 pandemic and terms of trade shocks

IMF staff completes discussions for a second disbursement under the Rapid Credit Facility (RCF) to help Chad address the economic challenges posed by the COVID-19 pandemic; Chad’s economy has been severely impacted by the twin COVID-19 pandemic and terms of trade shocks; The additional resources under the RCF will help…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board approves a US$115.1 million disbursement to Chad to address the COVID-19 Pandemic

The outbreak of COVID-19 and the drop in international oil prices are having a severe economic and social impact on Chad

The IMF executive board approved the disbursement of US$115.1 million to Chad to be drawn under the Rapid Credit Facility; the outbreak of COVID-19 and the drop in international oil prices are having a severe economic and social impact on Chad; the government has taken strong measures to halt the…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Statement at the end of a Staff Visit to Chad

An International Monetary Fund (IMF) mission led by Edward Gemayel visited N’Djamena during February 6-12

The economy continues to recover, and the outlook remains broadly positive, though subject to some challenges; Fiscal performance is on-track but spending pressures are starting to emerge. An International Monetary Fund (IMF) mission led by Edward Gemayel visited N’Djamena during February 6-12 to take stock of the latest economic and…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes Fourth Review under the Extended Credit Facility (ECF) for Chad, Approves US$38.9 Million Disbursement and Concludes 2019 Article IV Consultation

Chad’s program is supported by the implementation of policies and reforms by the regional institutions

Performance under the ECF-supported program has been broadly satisfactory with continued improvement in the fiscal position and progress in implementing structural reforms in spite recent delays; Overall economic activity strengthened in 2018 but further reform efforts are needed to support the recovery in the non-oil sector and improve social conditions;…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Mission to Chad

Significant progress was made in discussions with the authorities on economic and financial policies that could support completion of the fourth program review

Performance in implementing the government’s program supported by the IMF under the Extended Credit Facility (ECF) was satisfactory; Significant progress was made in discussions with the authorities on economic and financial policies that could support completion of the fourth program review; After three years of sharp contraction, non-oil economic activity…