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

Chad continues to face significant humanitarian, climate, and security shocks, in a context where oil revenues and official development aid are at risk. Following the expiration of the former Extended Credit Facility (ECF) in June 2024 and the closing of the political transition in February 2025, the authorities have requested a new arrangement under the ECF to address the country's protracted balance of payments needs and support their reform efforts to achieve macroeconomic stability and high and inclusive growth. Given inherent fragilities and heightened regional and global uncertainty, the authorities see a new Fund-supported program as a policy anchor and as a catalyst. They are committed to prudent management of public finances and to lift development outcomes and spur diversification.

Subject: Budget planning and preparation, Debt sustainability, Expenditure, External debt, Fiscal law, Fiscal policy, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Public financial management (PFM), Revenue administration, Taxes

Keywords: Gas and mining taxes, Budget planning and preparation, Debt sustainability, Fiscal law, Oil, Oil prices