International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | May 10, 2023

International Monetary Fund (IMF) Staff Completes Mission to the Republic of Chad for Discussions on the Third Review of the Extended Credit Facility Arrangement and the 2023 Article IV Consultation

The Chadian authorities and IMF staff started discussions for the third review of the ECF-supported program approved on December 10, 2021, and for the 2023 Article IV consultation

The Chadian authorities and IMF staff have started discussions on the third review of the ECF-supported program and for the 2023 Article IV consultation. These discussions will continue over the next few weeks. Growth was higher than expected in 2022 owing mainly to higher oil production. The growth of the…

Source: International Monetary Fund (IMF) | Dec 23, 2022

International Monetary Fund (IMF) Executive Board Completes First and Second Reviews of Extended Credit Facility (ECF) Arrangement for Chad and Approves US$ 149.3 Million Disbursement

The completion of the two reviews enables the disbursement of SDR 112.16 million (about US$149.3 million), bringing total disbursements under the arrangement to SDR 168.24 million (about US$224 million)

The IMF Executive Board completed the First and Second Reviews of the Extended Credit Facility arrangement with Chad, providing the country with access to SDR 112.16 million (about US$ 149.3 million). This will help put Chad’s economy on a path toward sustainable economic growth and poverty reduction. Chad is the…

Source: International Monetary Fund (IMF) | Mar 31, 2022

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) | Jan 18, 2022

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) | Oct 09, 2021

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) | Sep 08, 2021

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) | Jul 22, 2020

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) | Jul 14, 2020

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) | Apr 15, 2020

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) | Feb 13, 2020

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…

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