Chad Staff Report For The Article Iv Consultation Review Under The Annual Program Under The Three Year Arrangement Under The Poverty Reduction And Growth Facility And Requests For Augmentation Of Access And For Waiver Of Performance Criteria

This paper examines Chad’s 2001 Article IV Consultation, Third Review Under the Second Annual Program Under the Poverty Reduction and Growth Facility, and Requests for Augmentation of Access and for Waiver of Performance Criteria. Chad has had a reasonably good year in 2001, reversing the policy slippages in 2000. Economic performance, including in the area of governance, has improved measurably. Growth prospects are also good, with real GDP projected to grow at an annual rate of 10 percent in 2001–03.

A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Economic growth is estimated to have increased to 4.6 percent in 2016 from 3.5 percent in 2015, helped by a strong 2016-17 crop year and despite continued weakness in the oil and mining sectors, adverse spillovers from the economic downturn in Nigeria and continued elevated security threats. Inflation remains subdued. Notwithstanding recent macroeconomic gains, Niger still ranks last on the UN’s Human Development Index with growth barely above the estimated rate of population growth (4.1 percent a year). President Issoufou secured a second term in the presidential and legislative elections held in February-March 2016, with the new administration reaffirming a focus on reinvigorating growth to create more employment opportunities, including by addressing infrastructure gaps, while strengthening food security.

The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018