Chad: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 067

Publication date: February 2009

ISBN: 9781451836493

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , Chad , oil revenue , annuity , Chadian authorities , trade performance , oil GDP , Chadian oil price , Oil , gas and mining taxes , Oil prices , Government consumption , Sub-Saharan Africa

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Summary

This paper analyzes competitiveness in Chad since the advent of the oil era in the 2000s. Oil has since positioned itself as the key sector of a traditional economy that previously depended on agriculture and some light manufacturing. Dominated by developments in the oil sector, Chad’s balance of payments is vulnerable to the indirect effects of the sector’s volatility. The country’s ample reserves are insulated from oil sector shocks to the extent that oil-sector-related flows for trade in goods and service, factor income, and capital automatically offset each other.