Chad Second Review of the Program Under the Extended Credit Facility, Request for Waivers of Nonobservance of Performance Criteria, And Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Chad

This paper discusses Chad’s Second Review of the Program Under the Extended Credit Facility, Request for Waivers of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. All but one PC for end-December 2017 were met, as were all structural benchmarks Most indicative targets f...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Fiscal stance 
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653 |a Energy: Demand and Supply 
653 |a Public debt 
653 |a Banks 
653 |a Industries: Energy 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Debt Management 
653 |a Micro Finance Institutions 
653 |a Fiscal Policy 
653 |a Debts, Public 
653 |a Debt 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a Mortgages 
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653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a External debt 
653 |a Debts, External 
653 |a Sovereign Debt 
653 |a Business Taxes and Subsidies 
653 |a Banks and Banking 
653 |a Economic growth 
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653 |a Taxation 
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520 |a This paper discusses Chad’s Second Review of the Program Under the Extended Credit Facility, Request for Waivers of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. All but one PC for end-December 2017 were met, as were all structural benchmarks Most indicative targets for end-March 2018 were also met. The continuous PC on the nonaccumulation of external arrears was missed. The authorities are requesting waivers for the two missed PCs. The final agreement to restructure the Glencore debt was signed in June (prior action); it is in line with the program and will restore debt sustainability and generate sufficient financing for the program