Chad Request For A Three Year Arrangement Under The Extended Credit Facility Press Release Staff Report And Statement By The Executive Director For Chad

Chad Request For A Three Year Arrangement Under The Extended Credit Facility Press Release Staff Report And Statement By The Executive Director For Chad Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Chad Request For A Three Year Arrangement Under The Extended Credit Facility Press Release Staff Report And Statement By The Executive Director For Chad book. This book definitely worth reading, it is an incredibly well-written.

Chad

International Monetary Fund. African Dept.
Chad Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 94 pages
File Size : 41,6 Mb
Release : 2014-09-16
Category : Business & Economics
ISBN : 9781498388610

Get Book

Chad by International Monetary Fund. African Dept. Pdf

KEY ISSUES Context: Chad is a fragile country with weak institutional capacity that needs to manage volatile and exhaustible oil revenues prudently to tackle its large development needs. Chad is enjoying a period of domestic political stability, but major regional security issues are imposing significant fiscal costs in both the short and medium term. Macroeconomic policy over the last few years has achieved a gradual tightening of the underlying fiscal policy stance together with a sizable increase in public investment. Satisfactory performance under an SMP in 2013 demonstrated the authorities’ commitment to improved macroeconomic management and has set the ground for an upper credit tranche arrangement with the Fund. Policy Framework: The government’s medium-term economic program, anchored by the 2013-2015 National Development Plan (NDP), aims at reinforcing economic growth and making it more inclusive, while maintaining macroeconomic stability and fiscal sustainability. Given the continued heavy dependence on volatile oil revenues that are projected to decline over the long-term and the currently high risk of debt distress, macroeconomic policies target a sustained fiscal adjustment, a buildup of liquidity buffers, and economic diversification. Those objectives will be underpinned by a reform agenda focused on strengthening public financial and debt management and improving the business environment. Request for an Extended Credit Facility arrangement: In the attached letter of intent, the authorities request a three-year arrangement under the Extended Credit Facility (ECF) in the amount of SDR 79.92 million (120 percent of quota) in support of their medium-term economic program. The ECF arrangement is expected to address the country’s protracted balance of payments’ problems resulting from a trend reduction in oil revenues, maintain adequate international reserves’ coverage, and play a catalytic role for bilateral and multilateral assistance to Chad. The accompanying memorandum of economic and financial policies spells out in more detail the objectives of the program and policy actions that the government of Chad envisages to undertake during 2014–17.

Chad

International Monetary Fund. African Dept.
Chad Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 97 pages
File Size : 50,6 Mb
Release : 2017-08-04
Category : Business & Economics
ISBN : 9781484313893

Get Book

Chad by International Monetary Fund. African Dept. Pdf

This paper discusses Chad’s Request for a Three-Year Arrangement under the Extended Credit Facility (ECF) and Cancellation of the Current Arrangement. The main elements of the program are the reestablishment of debt sustainability through external debt restructuring, achieving gradual fiscal adjustment by maintaining a tight spending envelope, better mobilizing non-oil revenue, and creating space for domestic arrears clearance. The aim is to stabilize the fiscal position and help achieve a durable economic recovery while supporting regional stabilization efforts. Strengthening public financial management and diversifying the economy are expected to support the efforts to strengthen the fiscal position and boost the non-oil sector. The IMF staff supports the authorities’ request for a new ECF arrangement.

Chad: Request for a Three-Year Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Chad

International Monetary,International Monetary Fund. African Dept.
Chad Request for a Three Year Arrangement under the Extended Credit Facility Press Release Staff Report and Statement by the Executive Director for Chad Book PDF

Author : International Monetary,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 128 pages
File Size : 42,9 Mb
Release : 2022-02-02
Category : Business & Economics
ISBN : 9798400200014

Get Book

Chad: Request for a Three-Year Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Chad by International Monetary,International Monetary Fund. African Dept. Pdf

The COVID-19 pandemic, the volatility in oil prices, heightened insecurity, and a looming food crisis due to climate change have severely stressed an already vulnerable Chadian economy. The two Rapid Credit Facility (RCF) disbursements in April and July 2020 allowed Chad to meet its immediate financing and urgent balance of payment needs in the early stages of the pandemic. The authorities have requested Fund assistance under the ECF to support their post-COVID recovery and their plan to reduce debt vulnerabilities through a combination of a debt workout and a multi-year fiscal consolidation program. However, due to the death of the president following a resurgence of fighting with rebel groups in April and the delayed delivery of donor support, the treasury situation has become extremely tight, threatening social stability.

Chad: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Chad

International Monetary Fund. African Dept.
Chad Request for a Three Year Arrangement Under the Extended Credit Facility Press Release Staff Report and Statement by the Executive Director for Chad Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 113 pages
File Size : 48,5 Mb
Release : 2021-12-15
Category : Business & Economics
ISBN : 9781557759542

Get Book

Chad: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Chad by International Monetary Fund. African Dept. Pdf

The COVID-19 pandemic, the volatility in oil prices, heightened insecurity, and a looming food crisis due to climate change have severely stressed an already vulnerable Chadian economy. The two Rapid Credit Facility (RCF) disbursements in April and July 2020 allowed Chad to meet its immediate financing and urgent balance of payment needs in the early stages of the pandemic. The authorities have requested Fund assistance under the ECF to support their post-COVID recovery and their plan to reduce debt vulnerabilities through a combination of a debt workout and a multi-year fiscal consolidation program. However, due to the death of the president following a resurgence of fighting with rebel groups in April and the delayed delivery of donor support, the treasury situation has become extremely tight, threatening social stability.

Chad

International Monetary Fund. African Dept.
Chad Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 90 pages
File Size : 51,8 Mb
Release : 2019-01-24
Category : Business & Economics
ISBN : 9781484396087

Get Book

Chad by International Monetary Fund. African Dept. Pdf

The current ECF arrangement (access of 160 percent of quota or SDR 224.32 million) was approved on June 30, 2017 in the context of a very difficult and deteriorating social, economic, and financial situation. The crisis was precipitated by the oil price and security shocks that began in 2014, and the heavy burden of external commercial debt with Glencore. The restructuring of this debt in June 2018 paved the way for the completion of the second review in July 2018. Chad’s stability is key for the regional security situation given its regional peace-keeping efforts.

Chad

International Monetary Fund African Dept
Chad Book PDF

Author : International Monetary Fund African Dept
Publisher : Unknown
Page : 0 pages
File Size : 51,9 Mb
Release : 2022
Category : Electronic
ISBN : OCLC:1407633721

Get Book

Chad by International Monetary Fund African Dept Pdf

The COVID-19 pandemic, the volatility in oil prices, heightened insecurity, and a looming food crisis due to climate change have severely stressed an already vulnerable Chadian economy. The two Rapid Credit Facility (RCF) disbursements in April and July 2020 allowed Chad to meet its immediate financing and urgent balance of payment needs in the early stages of the pandemic. The authorities have requested Fund assistance under the ECF to support their post-COVID recovery and their plan to reduce debt vulnerabilities through a combination of a debt workout and a multi-year fiscal consolidation program. However, due to the death of the president following a resurgence of fighting with rebel groups in April and the delayed delivery of donor support, the treasury situation has become extremely tight, threatening social stability.

Chad

International Monetary Fund. African Dept.
Chad Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 79 pages
File Size : 45,5 Mb
Release : 2016-11-28
Category : Business & Economics
ISBN : 9781475557374

Get Book

Chad by International Monetary Fund. African Dept. Pdf

This paper discusses Chad’s Third and Fourth Reviews Under the Extended Credit Facility (ECF) arrangement, and Requests for Waivers of Nonobservance of Performance Criteria (PCs), Augmentation of Access, Extension of the Current Arrangement, and Rephasing of Disbursements. The authorities in Chad have implemented substantial fiscal adjustment to balance the budget and contain the accumulation of arrears. Nonetheless, liquidity conditions remain very tight, and social tensions have risen recently owing to the large cuts in current spending. IMF staff supports the completion of the third and fourth reviews under the ECF arrangement, the waivers of nonobservance of PCs on the nonaccumulation of domestic arrears and nonaccumulation of external arrears.

High-Value Natural Resources and Post-Conflict Peacebuilding

Päivi Lujala,Siri Aas Rustad
High Value Natural Resources and Post Conflict Peacebuilding Book PDF

Author : Päivi Lujala,Siri Aas Rustad
Publisher : Routledge
Page : 624 pages
File Size : 45,8 Mb
Release : 2012-03-29
Category : Law
ISBN : 9781136536694

Get Book

High-Value Natural Resources and Post-Conflict Peacebuilding by Päivi Lujala,Siri Aas Rustad Pdf

For most post-conflict countries, the transition to peace is daunting. In countries with high-value natural resources – including oil, gas, diamonds, other minerals, and timber –the stakes are unusually high and peacebuilding is especially challenging. Resource-rich post-conflict countries face both unique problems and opportunities. They enter peacebuilding with an advantage that distinguishes them from other war-torn societies: access to natural resources that can yield substantial revenues for alleviating poverty, compensating victims, creating jobs, and rebuilding the country and the economy. Evidence shows, however, that this opportunity is often wasted. Resource-rich countries do not have a better record in sustaining peace. In fact, resource-related conflicts are more likely to relapse. Focusing on the relationship between high-value natural resources and peacebuilding in post-conflict settings, this book identifies opportunities and strategies for converting resource revenues to a peaceful future. Its thirty chapters draw on the experiences of forty-one researchers and practitioners – as well as the broader literature – and cover a range of key issues, including resource extraction, revenue sharing and allocation, and institution building. The book provides a concise theoretical and practical framework that policy makers, researchers, practitioners, and students can use to understand and address the complex interplay between the management of high-value resources and peace. High-Value Natural Resources and Post-Conflict Peacebuilding is part of a global initiative led by the Environmental Law Institute (ELI), the United Nations Environment Programme (UNEP), the University of Tokyo, and McGill University to identify and analyze lessons in natural resource management and post-conflict peacebuilding. The project has generated six edited books of case studies and analyses, with contributions from practitioners, policy makers, and researchers. Other books in the series address land; water; livelihoods; assessing and restoring natural resources; and governance.

Central African Economic and Monetary Community (CEMAC)

International Monetary Fund. African Dept.
Central African Economic and Monetary Community CEMAC Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 69 pages
File Size : 52,7 Mb
Release : 2017-12-19
Category : Business & Economics
ISBN : 9781484334126

Get Book

Central African Economic and Monetary Community (CEMAC) by International Monetary Fund. African Dept. Pdf

This paper discusses the common policies of the member countries of the Central African Economic and Monetary Community (CEMAC). CEMAC’s medium-term outlook remains challenging. It foresees a gradual improvement in the economic and financial situation in the region, assuming full implementation of policy commitments by CEMAC member states and regional institutions. Policies to diversify the economies by improving the business environment, including through enhanced governance and transparency, would support higher growth in the medium term. The monetary policy stance would be kept tight as needed to support external stability and reserves accumulation.

Niger

International Monetary Fund. African Dept.
Niger Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 137 pages
File Size : 40,5 Mb
Release : 2017-02-24
Category : Business & Economics
ISBN : 9781475582871

Get Book

Niger by International Monetary Fund. African Dept. Pdf

This 2016 Article IV Consultation highlights Niger’s macroeconomic outcomes, which continue to be affected by security and humanitarian shocks, weak commodity prices, and reduced trade flows to neighboring countries. For 2016, growth is projected at 4.6 percent, slightly higher than the 3.5 percent recorded in 2015, but still only just above the rate of population growth. The medium-term economic outlook is favorable, but remains subject to substantial external and domestic risks. Growth is projected to increase to 5.2 percent in 2017 and to average 6.0 percent during 2018–21, mainly as a result of the expansion of the extractive industries sector and an increase in public and private investments.

Niger

International Monetary Fund
Niger Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 66 pages
File Size : 41,9 Mb
Release : 2012-05-14
Category : Business & Economics
ISBN : 9781475503562

Get Book

Niger by International Monetary Fund Pdf

Niger’s medium-term fiscal policy aims to support the growth strategy by creating fiscal space for increasing development spending while maintaining external debt sustainability. Economic activity in recent years has been affected by large swings in agricultural production. The authorities’ program is aimed at maintaining macroeconomic stability while increasing resilience to shocks; strengthening public finance and debt management; and supporting private and financial sector development. Medium-term fiscal policy will aim at maintaining debt sustainability while creating room for increased development spending.

Georgia

International Monetary Fund
Georgia Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 89 pages
File Size : 46,7 Mb
Release : 2012-04-24
Category : Business & Economics
ISBN : 9781475502817

Get Book

Georgia by International Monetary Fund Pdf

This staff report considers Georgia’s request for a Stand-By Arrangement and an arrangement under the Standby Credit Facility. Performance in 2011 has been stronger than originally envisaged, with growth of nearly 7 percent, inflation in the low single digits, public debt falling to 34 percent of GDP, and international reserves increasing to US$2.8 billion. Exchange rate flexibility remains a critical instrument of adjustment in response to shocks. At the same time, high financial dollarization may require the central bank to intervene to avoid abrupt, and potentially destabilizing, exchange rate fluctuations.

Central African Republic

International Monetary Fund. African Dept.
Central African Republic Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 118 pages
File Size : 46,8 Mb
Release : 2016-08-10
Category : Business & Economics
ISBN : 9781475523713

Get Book

Central African Republic by International Monetary Fund. African Dept. Pdf

This 2016 Article IV Consultation highlights that economic growth in the Central African Republic has remained anemic since 2013 owing to structural rigidities, poor infrastructure, and limited energy supply. Inflation reached 11.6 percent in 2014 and receded to 4.5 percent in 2015 thanks to improved supply conditions and a fall in the prices of basic imports. Corrective measures implemented in 2015 allowed revenue to reach 7.1 percent. IMF Executive Directors have commended the authorities for the progress achieved under their economic program supported by the Rapid Credit Facility, which has helped stabilize the economy, rebuild core administrative capacity, and improve the management of public resources.

Central African Republic

International Monetary Fund
Central African Republic Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 125 pages
File Size : 43,6 Mb
Release : 1997-04-17
Category : Business & Economics
ISBN : 9781451806571

Get Book

Central African Republic by International Monetary Fund Pdf

This paper describes economic developments in the Central African Republic during 1990–97. After four years of decline, the real gross domestic product of the Central African Republic (GDP at market prices) recovered in 1994 at the estimated rate of 7.7 percent. This primarily reflected the positive effects of the January 1994 devaluation of the CFA franc on the competitive position of the country, which had been continuously eroding since the mid-1980s. In 1995, real GDP continued to grow, although at a slower rate, estimated at 2.4 percent, largely because of the resilient informal sector.

Tonga

International Monetary Fund. Asia and Pacific Dept
Tonga Book PDF

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 98 pages
File Size : 49,5 Mb
Release : 2021-02-01
Category : Business & Economics
ISBN : 9781513568041

Get Book

Tonga by International Monetary Fund. Asia and Pacific Dept Pdf

Tonga’s recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -21⁄2 percent due to domestic containment measures, a sudden stop in tourism, and investment delays. The full brunt of the pandemic will be felt in FY2021 (beginning July) during peak tourism season, when a deeper contraction is expected. A worse outcome was avoided by early actions to close external borders—which has kept Tonga COVID-19-free—and prompt economic support. Beyond FY2021, the recovery is expected to resume in line with the global recovery, but the magnitude and trajectory is uncertain.