Chad: 2012 Article IV Consultation - Staff Report, Informational Annex, Debt Sustainability Analysis, Public Information Notice

In the near term, growth will be stimulated by public investments in infrastructure, bringing on stream new oil developments, and by the recovery of agriculture from the 2011 drought. In the medium term, oil production is expected to rise from 120,000 barrels per day (bpd) in 2011 to about 180,000 bpd in 2015–17, with a corresponding increase in exports and government revenues. However, absent further oil discoveries, proven reserves will be exhausted in twenty years. This highlights the need for diversifying exports and improving the business climate for the non-oil sector.