Abstract
Staff Report for the 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Chad
Relations with the IMF
(As of April 30, 2019)
Membership Status: July 10, 1963
| General Resources Account: | SDR Million | % Quota |
|---|---|---|
| Quota | 140.20 | 100.00 |
| Fund holdings of currency (Exchange Rate) | 137.00 | 97.72 |
| Reserve Tranche Position | 3.24 | 2.31 |
| General Resources Account: | SDR Million | % Quota |
|---|---|---|
| Quota | 140.20 | 100.00 |
| Fund holdings of currency (Exchange Rate) | 137.00 | 97.72 |
| Reserve Tranche Position | 3.24 | 2.31 |
| SDR Department: | SDR Million | % Allocation |
|---|---|---|
| Net cumulative allocation | 53.62 | 100.00 |
| Holdings | 0.25 | 0.46 |
| SDR Department: | SDR Million | % Allocation |
|---|---|---|
| Net cumulative allocation | 53.62 | 100.00 |
| Holdings | 0.25 | 0.46 |
| Outstanding Purchases and Loans: | SDR Million | % Quota |
|---|---|---|
| ECF Arrangements | 230.05 | 164.08 |
| Outstanding Purchases and Loans: | SDR Million | % Quota |
|---|---|---|
| ECF Arrangements | 230.05 | 164.08 |
Latest Financial Arrangements:
Formerly PRGF
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
|---|---|---|---|---|
| ECF | Jun 30, 2017 | Jun 29, 2020 | 224.32 | 140.20 |
| ECF | Aug 01, 2014 | Jul 31, 2017 | 140.20 | 98.34 |
| ECF1 | Feb 16, 2005 | May 31, 2008 | 25.20 | 4.20 |
Formerly PRGF
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) |
|---|---|---|---|---|
| ECF | Jun 30, 2017 | Jun 29, 2020 | 224.32 | 140.20 |
| ECF | Aug 01, 2014 | Jul 31, 2017 | 140.20 | 98.34 |
| ECF1 | Feb 16, 2005 | May 31, 2008 | 25.20 | 4.20 |
Formerly PRGF
Overdue Obligations and Projected Payments to Fund 2/
(SDR Million; based on existing use of resources and present holdings of SDRs):
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Principal Charges | 2.00 | 8.12 | 17.01 | 29.68 | |
| Interest | .045 | 0.61 | 0.61 | 0.61 | 0.61 |
| Total | 0.45 | 2.61 | 8.73 | 17.62 | 30.29 |
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
| Forthcoming | |||||
|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Principal Charges | 2.00 | 8.12 | 17.01 | 29.68 | |
| Interest | .045 | 0.61 | 0.61 | 0.61 | 0.61 |
| Total | 0.45 | 2.61 | 8.73 | 17.62 | 30.29 |
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
| Implementation of HIPC | |||||||
| Initiative: | |||||||
| Enhanced Framework | |||||||
| Commitment of HIPC assistance | |||||||
| Decision point date | May 2001 | ||||||
| Assistance committed by all creditors (US$ Millions) 1/ | 170.12 | ||||||
| Of which: IMF assistance (US$ million) | 18.02 | ||||||
| (SDR equivalent in millions) | 14.26 | ||||||
| Completion point date | Apr 2015 | ||||||
| Disbursement of IMF assistance (SDR million) | |||||||
| Assistance disbursed to the member | 14.26 | ||||||
| Interim assistance | 8.55 | ||||||
| Completion point balance | 5.71 | ||||||
| Additional disbursement of interest income 2/ | 2.77 | ||||||
| Total Disbursement | 17.03 | ||||||
| Implementation of Multilateral Debt Relief Initiative (MDRI) | Not Applicable | ||||||
| Implementation of Catastrophe Containment and Relief (CCR) | Not Applicable | ||||||
| Implementation of HIPC | |||||||
| Initiative: | |||||||
| Enhanced Framework | |||||||
| Commitment of HIPC assistance | |||||||
| Decision point date | May 2001 | ||||||
| Assistance committed by all creditors (US$ Millions) 1/ | 170.12 | ||||||
| Of which: IMF assistance (US$ million) | 18.02 | ||||||
| (SDR equivalent in millions) | 14.26 | ||||||
| Completion point date | Apr 2015 | ||||||
| Disbursement of IMF assistance (SDR million) | |||||||
| Assistance disbursed to the member | 14.26 | ||||||
| Interim assistance | 8.55 | ||||||
| Completion point balance | 5.71 | ||||||
| Additional disbursement of interest income 2/ | 2.77 | ||||||
| Total Disbursement | 17.03 | ||||||
| Implementation of Multilateral Debt Relief Initiative (MDRI) | Not Applicable | ||||||
| Implementation of Catastrophe Containment and Relief (CCR) | Not Applicable | ||||||
As of February 4, 2015, the Post-Catastrophe Debt Relief Trust has been transformed to the Catastrophe Containment and Relief (CCR) Trust.
Decision point – point at which the IMF and the World Bank determine whether a country qualifies for assistance under the HIPC Initiative and decide on the amount of assistance to be committed.
Interim assistance – amount disbursed to a country during the period between decision and completion points, up to 20 percent annually and 60 percent in total of the assistance committed at the decision point (or 25 percent and 75 percent, respectively, in exceptional circumstances).
Safeguards Assessments
The Bank of the Central African States (BEAC) is the regional central bank of the Central African Economic and Monetary Community (CEMAC). A full safeguards assessment (SA) under the periodic four-year cycle for regional central banks was completed in August 2017. The BEAC continues to implement the remaining recommendations of the 2017 safeguards assessment. BEAC’s full transition to IFRS is progressing broadly as planned, and steps are being taken to accelerate the adoption of revisions to the secondary legal instruments to align these with the BEAC Charter, in consultation with IMF staff.
Exchange Rate Arrangement
Chad maintains an exchange system that is free from restrictions and multiple currency practices on payments and transfers for current international transactions. The BEAC common currency is the CFA franc which, since January 1, 1999, has been pegged to the euro at the rate of EUR 1 = CFAF 655.957.
Article IV Consultations
Chad is on the standard 24-month cycle for Article IV consultations for program countries. The last Article IV consultation was concluded on July 22, 2016.
Technical Assistance
The Fund technical assistance strategy for Chad is focused on revenue administration, public financial management (PFM), debt management, and the quality of macroeconomic data. As the turnover of senior officials (responsible for economic management) is very high, posting long-term experts in the field and providing training would enhance absorption capacity, notably in revenue administration, PFM, and debt management.
| Department | Purpose | Time of Delivery |
|---|---|---|
| AFC | Public Debt Management – Institutional Framework | April 2019 |
| STABP | Balance of Payments Statistics | April 2019 |
| AFC | National Accounts | April 2019 |
| AFC | Public Financial Management | March 2019 |
| AFC | Macrofiscal | January 2019 |
| FADM2 | Wage Bill | January 2019 |
| STABP | Balance of Payments Statistics | December 2018 |
| AFC | Revenue Administration | November 2018 |
| AFC | Customs Administration | November 2018 |
| FADR2 | Tax Administration | November 2018 |
| FADR2 | Staff visit RMTF project | November 2018 |
| MCMDM | MTDS | October 2018 |
| AFC | Public Debt Management | September 2018 |
| AFC | Real Sector Statistics Advisor – Peer to peer learning | September 2018 |
| AFC | National Accounts | July 2018 |
| AFC | Government Finance Statistics | July 2018 |
| AFC | Public Financial Management HQ Based Mission | July 2018 |
| FADM2 | Budget Formulation | July 2018 |
| AFC | Public Financial Management Advisor | May 2018 |
| FADR2 | Tax and Customs Administration | April 2018 |
| AFC | Tax Administration Advisor | April 2018 |
| AFC | Customs Administration Advisor | February 2018 |
| AFC | New Macrofiscal Regional Resident Advisor | January 2018 |
| AFC | Debt Strategy Development | November 2017 |
| FADM2 | PFM (Funding TBC) | November 2017 |
| AFC | Liability Management Advisor | November 2017 |
| AFC | National Accounts | November 2017 |
| AFC | National Accounts | October 2017 |
| AFC | Government Finance Statistics | October 2017 |
| AFC | National Accounts | September 2017 |
| AFC | Public Financial Management Advisor | August 2017 |
| FADM2 | Budget execution and control | July 2017 |
| AFC | Customs Administration Advisor | July 2017 |
| FADTP | Tax Policy Reform | June 2017 |
| AFC | Liability Management Advisor | June 2017 |
| FADR2 | Tax and Customs Administration | April 2017 |
| AFC | Public Debt Management / STX Visit | April 2017 |
| AFC | Tax Administration – STX Mission | April 2017 |
| FADR2 | Strengthening CEMAC customs union | April 2017 |
| AFC | Public Debt Management – LTX Visit | March 2017 |
| AFC | Tax Administration – STX Visit | January 2017 |
| AFC | National Accounts | December 2016 |
| FADR2 | Customs Administration | December 2016 |
| AFC | Public Debt Management | November 2016 |
| AFC | Tax Administration | November 2016 |
| AFC | Liability Management | October 2016 |
| AFC | Public Financial Management | October 2016 |
| STA (AFRITAC) | National accounts | September 2016 |
| FADM2 | Budget preparation, Public Investment | September 2016 |
| AFC | AFC: Government Finance Statistics | August 2016 |
| FADR2 | Customs administration | July 2016 |
| FADM2 | Follow-up Mission on the Macro-fiscal Framework | May 2016 |
| AFC | Tax administration | April 2016 |
| FAD (AFRITAC) | Public financial management | April 2016 |
| STA (AFRITAC) | National accounts | March 2016 |
| FAD (AFRITAC) | Customs administration | February – March 2016 |
| FAD (AFRITAC) | Tax administration | January-February 2016 |
| STA (AFRITAC) | National accounts | January 2016 |
| FAD | Public financial management | November – December 2015 |
| STA (AFRITAC) | National accounts | August – September 2015 |
| STA (AFRITAC) | National accounts | March 2015 |
| FAD (AFRITAC) | Revenue administration | January 2015 |
| STA (AFRITAC) | Balance of payment | December 2014 |
| STA (AFRITAC) | National accounts | December 2014 |
| FAD (AFRITAC) | Public financial management | September 2014 |
| STA (AFRITAC) | National account | August 2014 |
| STA (AFRITAC) | National account | March 2014 |
| Department | Purpose | Time of Delivery |
|---|---|---|
| AFC | Public Debt Management – Institutional Framework | April 2019 |
| STABP | Balance of Payments Statistics | April 2019 |
| AFC | National Accounts | April 2019 |
| AFC | Public Financial Management | March 2019 |
| AFC | Macrofiscal | January 2019 |
| FADM2 | Wage Bill | January 2019 |
| STABP | Balance of Payments Statistics | December 2018 |
| AFC | Revenue Administration | November 2018 |
| AFC | Customs Administration | November 2018 |
| FADR2 | Tax Administration | November 2018 |
| FADR2 | Staff visit RMTF project | November 2018 |
| MCMDM | MTDS | October 2018 |
| AFC | Public Debt Management | September 2018 |
| AFC | Real Sector Statistics Advisor – Peer to peer learning | September 2018 |
| AFC | National Accounts | July 2018 |
| AFC | Government Finance Statistics | July 2018 |
| AFC | Public Financial Management HQ Based Mission | July 2018 |
| FADM2 | Budget Formulation | July 2018 |
| AFC | Public Financial Management Advisor | May 2018 |
| FADR2 | Tax and Customs Administration | April 2018 |
| AFC | Tax Administration Advisor | April 2018 |
| AFC | Customs Administration Advisor | February 2018 |
| AFC | New Macrofiscal Regional Resident Advisor | January 2018 |
| AFC | Debt Strategy Development | November 2017 |
| FADM2 | PFM (Funding TBC) | November 2017 |
| AFC | Liability Management Advisor | November 2017 |
| AFC | National Accounts | November 2017 |
| AFC | National Accounts | October 2017 |
| AFC | Government Finance Statistics | October 2017 |
| AFC | National Accounts | September 2017 |
| AFC | Public Financial Management Advisor | August 2017 |
| FADM2 | Budget execution and control | July 2017 |
| AFC | Customs Administration Advisor | July 2017 |
| FADTP | Tax Policy Reform | June 2017 |
| AFC | Liability Management Advisor | June 2017 |
| FADR2 | Tax and Customs Administration | April 2017 |
| AFC | Public Debt Management / STX Visit | April 2017 |
| AFC | Tax Administration – STX Mission | April 2017 |
| FADR2 | Strengthening CEMAC customs union | April 2017 |
| AFC | Public Debt Management – LTX Visit | March 2017 |
| AFC | Tax Administration – STX Visit | January 2017 |
| AFC | National Accounts | December 2016 |
| FADR2 | Customs Administration | December 2016 |
| AFC | Public Debt Management | November 2016 |
| AFC | Tax Administration | November 2016 |
| AFC | Liability Management | October 2016 |
| AFC | Public Financial Management | October 2016 |
| STA (AFRITAC) | National accounts | September 2016 |
| FADM2 | Budget preparation, Public Investment | September 2016 |
| AFC | AFC: Government Finance Statistics | August 2016 |
| FADR2 | Customs administration | July 2016 |
| FADM2 | Follow-up Mission on the Macro-fiscal Framework | May 2016 |
| AFC | Tax administration | April 2016 |
| FAD (AFRITAC) | Public financial management | April 2016 |
| STA (AFRITAC) | National accounts | March 2016 |
| FAD (AFRITAC) | Customs administration | February – March 2016 |
| FAD (AFRITAC) | Tax administration | January-February 2016 |
| STA (AFRITAC) | National accounts | January 2016 |
| FAD | Public financial management | November – December 2015 |
| STA (AFRITAC) | National accounts | August – September 2015 |
| STA (AFRITAC) | National accounts | March 2015 |
| FAD (AFRITAC) | Revenue administration | January 2015 |
| STA (AFRITAC) | Balance of payment | December 2014 |
| STA (AFRITAC) | National accounts | December 2014 |
| FAD (AFRITAC) | Public financial management | September 2014 |
| STA (AFRITAC) | National account | August 2014 |
| STA (AFRITAC) | National account | March 2014 |
Financial Sector Assessment Program (FSAP) Participation, Report on the Observances of Standards and Codes (ROSCs), and Offshore Finance Center (OFC) Assessments
A joint IMF-World Bank mission conducted an FSAP for Chad during May 25–June 10, 2011. An FSAP mission for CEMAC was concluded in July 2015. A ROSC Data Module mission visited Chad May 26– June 8, 2005.
Resident Representative
Mr. Joseph Ntamatungiro is the IMF’s Resident Representative in N’Djamena since September 2018.
Joint World Bank and IMF Work Program
The IMF and World Bank staff communicates and collaborates closely in their work on Chad. IMF and World Bank staff in Washington DC share information and communicate ahead and after IMF missions. Bank staff (from the local office) participates in IMF missions’ technical meetings with the authorities. World bank’s analysis and advice to the government in key structural reform areas informs Fund work. The World bank’s work program can be found on the following website http://www.worldbank.org/en/country/chad.
The IMF and the World Bank Group are active members of the Financial and Technical Partners Committee (Comité des Partenaires Techniques et Financiers CPTF), which includes all United Nations’ agencies represented in Chad as well as the African Development Bank (AfDB), the European Union, the Swiss Agency for Development and Cooperation, and the ambassadors of France, Germany, and the United States. This committee holds monthly meetings and has established thematic groups that conduct studies on specific development issues relevant for Chad. Members of the committee share information about upcoming missions and convene to hold briefing sessions with key visiting missions of the institutions it represents. The IMF and the Word Bank group are leading members of the thematic group “macroeconomics, public finance and private sector”.
Exchange of information and collaboration:
World Bank requests to the Fund include periodic updates on the macroeconomic framework, on the status of the current Fund supported economic program under the ECF, and on planned technical assistance missions.
Fund requests include periodic updates on World Bank program in Chad.
Joint products include joint Bank-Fund Debt Sustainability Assessments (DSA).
Other exchange of information is related to the authorities’ structural reform agenda and their poverty reduction efforts.
Statistical Issues
| I. Assessment of Data Adequacy for Surveillance |
| General: Data provision has capacity-related shortcomings but is broadly adequate for surveillance. There is scope for improvement in quality, coverage, and timeliness in most macroeconomic datasets. The authorities continued to dedicate resource to improve the macroeconomic database, particularly the national accounts. |
| National accounts: The authorities are revising national accounts estimates, moving from the 1993 System of National Accounts (SNA) to the 2008 SNA, have started the process of rebasing the GDP estimates using 2017 as the new base year (the current base year is 2005). Final Annual National Accounts are available until 2017. However, compilation remains weak owing to inadequate funding for the Institut National de la Statistique, des Etudes Economiques et Démographiques (INSEED) and high staff turnover. In addition, dissemination of data and metadata to the public could be improved by more timely releases, provision of more detailed information, and enhanced dissemination through the internet. |
| Price statistics: The Harmonized Consumer Price Index (HCPI) is of rather good quality. The HCPI base year is 2014, and the index weights are from the 2011 household consumption expenditure survey. It has a national profile, as it covers the five major cities of Chad, including the capital city. The methodology used for the collection and the compilation is in line with the CEMAC and AFRISTAT (Economic Observatory and Statistics of Sub-Saharan Africa). However, it is sometimes released with some delays. With EU financing, the regional authorities improved the quality of the HCPI in each of the Central African Economic and Monetary Community (CEMAC) countries. |
| Government finance statistics: Data weaknesses create uncertainty about the central government’s actual fiscal position and hamper debt sustainability analysis. This is largely due to a deficient accounting system of Treasury transactions. Staff prepares estimates of central government financial operations from disparate administrative sources that may or may not fully reconcile with domestic bank financing or changes in net indebtedness. |
| Monetary statistics: The Banque des Etats de l’Afrique Centrale (BEAC) reports monetary and financial statistics for the central bank and other depository corporations on a monthly basis using the standardized report forms (SRFs). A key shortcoming of monetary and financial statistics is the lack of clear reconciliation between the domestic banking sector’s net credit to the government and the implicit financing in the weak government financial accounts. Meanwhile, the data for interest rates offered by financial institutions to non-financial entities on deposits and loans is not available. In addition, the depository corporations’ survey omits the large number of microfinance operations in the country. Chad reports some data and indicators of the Financial Access Survey (FAS), including the two indicators adopted by the UN to monitor Target 8.10 of the Sustainable Development Goals (SDGs). |
| Balance of payments: Weaknesses in Chad’s balance of payments (BOP) data create uncertainty about its actual external position, creating challenges for the debt sustainability analysis. The BEAC National Directorate for Chad prepares balance of payments data that is validated with a long- time lag—the most recent validated data stops in 2008. BOP data through 2016 have been compiled based on the Balance of Payments and International Investment Position Manual, sixth edition (BPM6), but significant imputation errors in the BDP6+ persist, as the breakdown of the IT system has not allowed a correction. Customs-based data are unreliable and suffer from coverage problems, to the extent that they are not relied upon for balance of payments or national income estimation. Staff must estimate current and capital flows from surveys and disparate administrative sources. The coverage of informal cross-border transactions, particularly those carried out by households, is insufficient. The international investment position (IIP) suffers from many inconsistencies, and there are discrepancies between the BOP and national accounts and monetary statistics. The IMF Statistics Department has recommended tighter coordination among the BEAC, INSEED, and other agencies to improve data coverage. BEAC headquarters is coordinating technical reforms to improve data quality and timeliness. |
| II. Data Standards and Quality |
| Chad participates in the IMF’s Enhanced General Data Dissemination Standard (e-GDDS). Metadata and plans for improvement are posted on the IMF’s Dissemination Standards Bulletin Board (DSBB) and were last updated in July 2002. |
| III. Reporting to STA (Optional) |
| Only international liquidity, monetary statistics, GDP, and prices are currently reported to STA for publication in the International Financial Statistics (IFS). Chad has not yet been able to resume reporting of detailed data for publication in the Government Finance Statistics Yearbook. Annual fiscal data through 2001 have been reported and are included in the IFS database. Chad has yet to submit BOP and IIP data to STA. |
| I. Assessment of Data Adequacy for Surveillance |
| General: Data provision has capacity-related shortcomings but is broadly adequate for surveillance. There is scope for improvement in quality, coverage, and timeliness in most macroeconomic datasets. The authorities continued to dedicate resource to improve the macroeconomic database, particularly the national accounts. |
| National accounts: The authorities are revising national accounts estimates, moving from the 1993 System of National Accounts (SNA) to the 2008 SNA, have started the process of rebasing the GDP estimates using 2017 as the new base year (the current base year is 2005). Final Annual National Accounts are available until 2017. However, compilation remains weak owing to inadequate funding for the Institut National de la Statistique, des Etudes Economiques et Démographiques (INSEED) and high staff turnover. In addition, dissemination of data and metadata to the public could be improved by more timely releases, provision of more detailed information, and enhanced dissemination through the internet. |
| Price statistics: The Harmonized Consumer Price Index (HCPI) is of rather good quality. The HCPI base year is 2014, and the index weights are from the 2011 household consumption expenditure survey. It has a national profile, as it covers the five major cities of Chad, including the capital city. The methodology used for the collection and the compilation is in line with the CEMAC and AFRISTAT (Economic Observatory and Statistics of Sub-Saharan Africa). However, it is sometimes released with some delays. With EU financing, the regional authorities improved the quality of the HCPI in each of the Central African Economic and Monetary Community (CEMAC) countries. |
| Government finance statistics: Data weaknesses create uncertainty about the central government’s actual fiscal position and hamper debt sustainability analysis. This is largely due to a deficient accounting system of Treasury transactions. Staff prepares estimates of central government financial operations from disparate administrative sources that may or may not fully reconcile with domestic bank financing or changes in net indebtedness. |
| Monetary statistics: The Banque des Etats de l’Afrique Centrale (BEAC) reports monetary and financial statistics for the central bank and other depository corporations on a monthly basis using the standardized report forms (SRFs). A key shortcoming of monetary and financial statistics is the lack of clear reconciliation between the domestic banking sector’s net credit to the government and the implicit financing in the weak government financial accounts. Meanwhile, the data for interest rates offered by financial institutions to non-financial entities on deposits and loans is not available. In addition, the depository corporations’ survey omits the large number of microfinance operations in the country. Chad reports some data and indicators of the Financial Access Survey (FAS), including the two indicators adopted by the UN to monitor Target 8.10 of the Sustainable Development Goals (SDGs). |
| Balance of payments: Weaknesses in Chad’s balance of payments (BOP) data create uncertainty about its actual external position, creating challenges for the debt sustainability analysis. The BEAC National Directorate for Chad prepares balance of payments data that is validated with a long- time lag—the most recent validated data stops in 2008. BOP data through 2016 have been compiled based on the Balance of Payments and International Investment Position Manual, sixth edition (BPM6), but significant imputation errors in the BDP6+ persist, as the breakdown of the IT system has not allowed a correction. Customs-based data are unreliable and suffer from coverage problems, to the extent that they are not relied upon for balance of payments or national income estimation. Staff must estimate current and capital flows from surveys and disparate administrative sources. The coverage of informal cross-border transactions, particularly those carried out by households, is insufficient. The international investment position (IIP) suffers from many inconsistencies, and there are discrepancies between the BOP and national accounts and monetary statistics. The IMF Statistics Department has recommended tighter coordination among the BEAC, INSEED, and other agencies to improve data coverage. BEAC headquarters is coordinating technical reforms to improve data quality and timeliness. |
| II. Data Standards and Quality |
| Chad participates in the IMF’s Enhanced General Data Dissemination Standard (e-GDDS). Metadata and plans for improvement are posted on the IMF’s Dissemination Standards Bulletin Board (DSBB) and were last updated in July 2002. |
| III. Reporting to STA (Optional) |
| Only international liquidity, monetary statistics, GDP, and prices are currently reported to STA for publication in the International Financial Statistics (IFS). Chad has not yet been able to resume reporting of detailed data for publication in the Government Finance Statistics Yearbook. Annual fiscal data through 2001 have been reported and are included in the IFS database. Chad has yet to submit BOP and IIP data to STA. |
Chad: Table of Common Indicators Required for Surveillance
Any reserve assets pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially determined, including discount rates; money market rates; and rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, social security funds) and state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-à-vis nonresidents.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Reflects the assessment provided in the data ROSC (published on August 31, 2007), and based on the findings of the mission of May 28 to June 8, 2005 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O); largely observed (LO); largely not observed (LNO); not observed (NO); and not available (NA).
Same as footnote 8, except referring to international standards concerning (respectively) source data; assessment of source data; statistical techniques; assessment and validation of intermediate data and statistical outputs, and revision studies.
Data on the international investment position (IIP) is not reported due to the lack of capacity. The authorities should request technical assistance to overcome it.
Chad: Table of Common Indicators Required for Surveillance
| Date of Latest Observation | Date Received | Frequency of Data7 | Frequency of Reporting7 | Frequency of Publication7 | Memo Items: | ||
|---|---|---|---|---|---|---|---|
| Data Quality: Methodological Soundness8 | Data Quality – Accuracy and Reliability9 | ||||||
| Exchange rates | Daily | Daily | D | D | D | ||
| International reserve assets and reserve liabilities of the monetary authorities1 | 12/2018 | 03/2019 | M | M | M | ||
| Reserve/base money | 12/2018 | 03/2019 | M | M | M | LO, LNO, LNO, LO | LO, O, O, LO, NA |
| Broad money | 12/2018 | 03/2019 | M | QM | M | ||
| Central bank balance sheet | 12/2018 | 03/2019 | M | M | M | ||
| Consolidated balance sheet of the banking system | 12/2018 | 03/2019 | M | M | M | ||
| Interest rates2 | 04/2019 | 05/2019 | MI | QM | M | ||
| Consumer price index | 03/2019 | 05/2019 | M | M | M | ||
| Revenue, expenditure, balance and composition of financing3 – general government4 | 03/2019 | 05/2019 | Q | Q | Q | LO, LNO, LO, LO | O, LO, LO, LO, NO |
| Revenue, expenditure, balance and composition of financing3–central government | 03/2019 | 05/2019 | Q | Q | Q | ||
| Stocks of central government and central government-guaranteed debt5 | 12/2018 | 05/2019 | Q | Q | Q | ||
| Exports and imports of goods and services | 2016 | 04/2019 | A | A | A | ||
| GDP/GNP | 2017 | 04/2019 | A | A | A | LNO, LO, LNO, LO | LNO, LNO, LNO, LNO, LNO |
| Gross external debt | 12/2018 | 05/2019 | Bi-M | Bi-M | Bi-M | ||
| International investment position6,10 | NA | NA | NA | NA | NA | ||
Any reserve assets pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially determined, including discount rates; money market rates; and rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, social security funds) and state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-à-vis nonresidents.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Reflects the assessment provided in the data ROSC (published on August 31, 2007), and based on the findings of the mission of May 28 to June 8, 2005 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O); largely observed (LO); largely not observed (LNO); not observed (NO); and not available (NA).
Same as footnote 8, except referring to international standards concerning (respectively) source data; assessment of source data; statistical techniques; assessment and validation of intermediate data and statistical outputs, and revision studies.
Data on the international investment position (IIP) is not reported due to the lack of capacity. The authorities should request technical assistance to overcome it.
Chad: Table of Common Indicators Required for Surveillance
| Date of Latest Observation | Date Received | Frequency of Data7 | Frequency of Reporting7 | Frequency of Publication7 | Memo Items: | ||
|---|---|---|---|---|---|---|---|
| Data Quality: Methodological Soundness8 | Data Quality – Accuracy and Reliability9 | ||||||
| Exchange rates | Daily | Daily | D | D | D | ||
| International reserve assets and reserve liabilities of the monetary authorities1 | 12/2018 | 03/2019 | M | M | M | ||
| Reserve/base money | 12/2018 | 03/2019 | M | M | M | LO, LNO, LNO, LO | LO, O, O, LO, NA |
| Broad money | 12/2018 | 03/2019 | M | QM | M | ||
| Central bank balance sheet | 12/2018 | 03/2019 | M | M | M | ||
| Consolidated balance sheet of the banking system | 12/2018 | 03/2019 | M | M | M | ||
| Interest rates2 | 04/2019 | 05/2019 | MI | QM | M | ||
| Consumer price index | 03/2019 | 05/2019 | M | M | M | ||
| Revenue, expenditure, balance and composition of financing3 – general government4 | 03/2019 | 05/2019 | Q | Q | Q | LO, LNO, LO, LO | O, LO, LO, LO, NO |
| Revenue, expenditure, balance and composition of financing3–central government | 03/2019 | 05/2019 | Q | Q | Q | ||
| Stocks of central government and central government-guaranteed debt5 | 12/2018 | 05/2019 | Q | Q | Q | ||
| Exports and imports of goods and services | 2016 | 04/2019 | A | A | A | ||
| GDP/GNP | 2017 | 04/2019 | A | A | A | LNO, LO, LNO, LO | LNO, LNO, LNO, LNO, LNO |
| Gross external debt | 12/2018 | 05/2019 | Bi-M | Bi-M | Bi-M | ||
| International investment position6,10 | NA | NA | NA | NA | NA | ||
Any reserve assets pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially determined, including discount rates; money market rates; and rates on treasury bills, notes and bonds.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, social security funds) and state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-à-vis nonresidents.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Reflects the assessment provided in the data ROSC (published on August 31, 2007), and based on the findings of the mission of May 28 to June 8, 2005 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O); largely observed (LO); largely not observed (LNO); not observed (NO); and not available (NA).
Same as footnote 8, except referring to international standards concerning (respectively) source data; assessment of source data; statistical techniques; assessment and validation of intermediate data and statistical outputs, and revision studies.
Data on the international investment position (IIP) is not reported due to the lack of capacity. The authorities should request technical assistance to overcome it.
Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts cannot be added.
Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.