Chad: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chad

International Monetary Fund

No 2024/335, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2024 Article IV Consultation discusses Chad’s post-pandemic recovery picked up steam in 2023 with growth increasing to 4.9 percent. Economic growth is projected to decline to 3.1 percent in 2024 on account of the impact of the recent floods and a slight decline in oil production but would rebound in the medium term owing to sustained public investment and structural reforms. Risks to the outlook are substantial and tilted to the downside and include potential delays in implementing fiscal consolidation measures, a larger-than-expected decline in oil prices, an increase in the influx of Sudanese refugees, and a further increase in the frequency and severity of climate change-related events. Restructuring plans aimed at improving the operational and financial performance of the two systemic public banks while providing for their recapitalization need to be adopted and implemented expeditiously. Strengthening governance and anticorruption frameworks, together with measures to improve education, increase access to basic infrastructure, and promote formalization and financial inclusion, will be essential to create a favorable business environment.

Keywords: Afrique; Coordination de la gestion de trésorerie; Afrique centrale; Autorités tchadiennes; Suivi de l'initiative d'appui à l'AFC; Inégalités de genre; Global; Préparation aux urgences sanitaires; Prix du pétrole; Coordination des politiques; Femmes. (search for similar items in EconPapers)
Pages: 103
Date: 2024-12-12
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