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Mr. Stéphane Cossé, Mr. Johannes Mueller, Mr. Jean Le Dem, and Mr. Jean A. P. Clément

Abstract

Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. Following a summary of the new adjusment strategy, the papers describes the progress made and the difficulties encountered during 1994 and early 1995 in implementing the programs supported by use of IMF resources.

International Monetary Fund

In October 2006, the Chadian government prepared a second National Poverty Reduction Strategy (NPRS2). NPRS2 analyzed poverty in Chad, reviewed the results of the first NPRS and progress toward the Millennium Development Goals (MDGs), defined the strategic pillars of the second strategy, examined two key scenarios for poverty reduction and growth, and described the institutional framework for implementation of the strategy. The government considers NPRS2 as the main instrument for achieving the MDGs in Chad, and therefore the preferred framework for socioeconomic development.