The economy is being severely affected by the sustained decline in the oil price, together with the deterioration in the security situation related to Chad's support for the regional operation against Boko Haram. As a result, growth has slowed sharply, fiscal revenues have underperformed, and despite sharp cuts in expenditure, additional financing needs have arisen. Following the achievement of the Heavily Indebted Poor Countries (HIPC) completion point in late April, Chad has been able to secure close to US$756 million in debt relief, but remains at high risk of debt distress.
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|Size: ||8.4 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2015|
|ISBN: ||9781513547091 (DRM-EPUB)|
|Read Aloud: ||not allowed|