Chad:First and Second Reviews Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Ex

First and Second Reviews Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Chad

Author: International Monetary Fund. African Dept.

First and Second Reviews Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Chad

Volume/Issue: Volume 2023 Issue 007

Publication date: January 2023

ISBN: 9798400230219

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Taxation - General , International - Economics , Chadian authorities , priority investment project , draft budget law , procurement contract , poverty reduction agenda , Debt sustainability , Debt sustainability analysis , Oil prices , Global

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Summary

Growth was weaker than expected in 2021, reflecting primarily production disruptions in the oil sector, while inflation remained subdued. The poor 2021/2022 crop year, severe floods and Russia’s war in Ukraine have exacerbated food insecurity and increased inflation in 2022. Security and social conditions remain difficult, while the political transition has suffered significant delays.