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Chad – Country Strategy Paper 2015 - 2020 + Addendum

01-Jul-2016

After over four decades of armed conflict and socio-political instability, Chad is experiencing peace again. This positive development and the implementation of measures and reforms under economic and financial programmes supported by the international community have helped the country to achieve remarkable economic and financial results. Chad achieved compliance with EITI standards in October 2014 and reached the HIPC initiative completion point in end-April 2015. Nevertheless, there are still major challenges rooted in persistent economic and climatic fragility. Real GDP, driven essentially by the oil and agricultural sectors, practically doubled from 4.5% in 1990-2003 to 9.4% in 2004-2012 on average, and stood at 6.2% in 2015. This level of growth will be hard to maintain in 2015 due to the general weakening of economic activity attributable to the sharp decline in oil prices. This growth is also not evenly distributed and has not yielded much progress in social terms. The hotspots of conflict along the country’s borders and the attendant harmful consequences are likely to compromise this newfound stability. Nonetheless, it is worth stressing the fact that the apparent general consensus around the introduction of biometry in the counting of votes within the framework of negotiations between the Government and the opposition, under the auspices of the UNDP and the support of technical and financial partners, should allow for the organisation of transparent presidential, legislative and municipal elections in 2016. Hence, this consensus will contribute to strengthening the peaceful climate and favour the smooth implementation of the Bank’s assistance strategy in Chad over the 2015-2020 period.

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