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International Monetary Fund

(about US$2.1 million). This amount covers 13.2 percent of Chad’s principal obligations due to the IMF between March 1 and December 31, 2005. Following the Executive Board’s discussion of Chad, Ms. Anne O. Krueger, First Deputy Managing Director and Acting Chair, stated: “The Chadian authorities have continued to strengthen economic management and improve transparency. They made substantial progress in 2004 in finalizing the institutional arrangement for the transparent management of oil resources, and took measures to curtail expenditure in response to substantial

International Monetary Fund

We would like to thank staff for the comprehensive and well-balanced report on Chad, which provides a thorough description of the country’s economic situation and the challenges it faces. We are appreciative of their continued advice to the Chadian authorities in meeting these challenges. For its part, the government is fully committed to pursuing sound economic and financial policies and structural reforms aimed at strengthening the country’s economy, improving growth and reducing poverty in a sustained manner. The ex post assessment discussed at the Board

International Monetary Fund

, higher oil export volume, and lower imports that resulted from the completion of the oil pipeline and weak domestic demand ( Table 2 ). Chad contributed to the accumulation of international reserves of the regional central bank. Figure 1. Chad: Selected Economic Indicators, 1998-2004 Sources: Chadian authorities; staff estimates; and IMF, Information Notice System. Figure 2. Chad: Effective Exchange Rates and Relative Price, January 1993-September 2004 (Index, 1990 base year) Sources: Chadian authorities; IMF staff estimates; and IMF, Information

International Monetary Fund
This paper analyzes requests from Chad authorities for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Additional Interim Assistance Under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The authorities made progress in implementing structural reforms in 2004. In particular, they took corrective measures for the two structural benchmarks missed under the sixth review of the previous PRGF arrangement. They also continued efforts to meet structural conditions for the completion point under the enhanced HIPC Initiative.
International Monetary Fund
The Chadian authorities have requested a staff-monitored program (SMP) during April–October 2009 to demonstrate improvements in fiscal policy and public financial management. The objective is to re-establish their economic management and reform credentials with international development partners, with a view to increasing donor support for their poverty reduction strategy. The cornerstone of this SMP is the implementation of a revised budget for 2009 based on a realistic oil price assumption. The SMP also aims to signal a clear return to an orderly budgetary framework by curtailing the use of exceptional budgetary procedures.
International Monetary Fund

balance 20.7 2.1 -10.0 -12.5 -16.4 1.2 -8.6 40.0 External public debt Stock of debt (in billions of CFA francs) 3/ 414.5 446.6 542.2 558.4 619.8 731.8 721.6 732.4 Debt service 4/ 6.5 11.4 22.5 20.1 23.5 42.5 28.0 21.9 (CFA francs per U.S. dollar) Exchange rate (annual average) 499 512 584 590 615 713 732 696 Sources: Chadian authorities; and staff estimates. 1/ Excludes official transfers. 2/ Includes official transfers