Chad: First Review Under the Extended Credit Facility Arrangement, and Request for a Waiver of Nonobservance of Performance Criteria - Press Release; Staff Report; and Statement by the Executive Director for Chad
International Monetary Fund. African Dept.
Apr 2018 · International Monetary Fund
Ebook
85
Pages
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About this ebook
On April 13, 2018, the Executive Board of the International Monetary Fund (IMF) completed the first review of Chad’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. Completion of this review enables the immediate disbursement of SDR 35.05 million (about US$51 million). This brings total disbursements under the arrangement to SDR 70.1 million (about US$ 99.8 million). The Board also approved the authorities’ request to waive the non-observance of the continuous performance criterion on the non-accumulation of new external payments arrears, and to rephase the planned disbursements.
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