Chad: minimizing geopolitical volatility

The Chadian government received approval for the third tranche of an Extended Credit Facility with the International Monetary Fund, citing information the IMF released January 24. The roughly $49 million in funding is to support economic reforms initiated and sustained by the Chadian government. Combined with other actions and developments, the Déby administration aims to constrain geopolitical volatility affecting his stressed country. Largely dependent on government revenues sourced from crude oil exploration and production, Déby’s government has seen its gross domestic product contract from $14 billion in 2014 to an estimated $11 billion in 2018. GDP per capital similarly fell, …

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