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Chad: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chad
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 068
Language:
English
Publication Date:
20 Feb 2009
DOI:
https://doi.org/10.5089/9781451836509.002
ISBN:
9781451836509
ISSN:
1934-7685
Pages:
65
Keywords:
ISCR; CR; Chadian authorities; oil revenue; authority; Chad; oil GDP; oil wealth; X. exchange rate arrangement; Oil; gas and mining taxes; Oil prices; Global; Sub-Saharan Africa; Central Africa
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The staff report for Chad’s 2008 Article IV Consultation presents economic developments and policies. The global economic crisis has affected the budget and reserves through lower oil prices. Chad’s limited financial and trade integration has insulated it from the financial crisis and ensuing global recession. Risks include lower demand for exports and weaknesses in the foreign banks that own most of Chad’s banking system. Chad is seriously affected by declining oil prices, which will require substantial fiscal adjustment and will lower reserves, albeit not to critical levels.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund