Chad - Balance of payments



Normally Chad has a deficit in trade and services that is offset, or nearly offset, by foreign assistance, largely from France. France contributed over 30% of all international financial assistance to Chad between 1990 and 1996. Due to Chad's receipt of foreign aid, it was able to maintain a small budget surplus in 1998. Chad's current account deficits have ranged between 17% and 21% in recent years, figures deemed acceptable by international financial institutions for developing countries. Chad's levels of external debt have been moderate, and the country has in general met its repayment schedule.

The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of Chad's exports was $172 million while imports totaled $223 million resulting in a trade deficit of $51 million.

The International Monetary Fund (IMF) reports that in 1994 Chad had exports of goods totaling $135 million and imports totaling $212 million. The services credit totaled $55 million and debit $199 million. The following table summarizes Chad's balance of payments as reported by the IMF for 1994 in millions of US dollars.

Chad

Current Account -38
Balance on goods -77
Balance on services -145
Balance on income -7
Current transfers 191
Capital Account
Financial Account 76
Direct investment abroad -1
Direct investment in Chad 27
Portfolio investment assets
Portfolio investment liabilities
Other investment assets 1
Other investment liabilities 49
Net Errors and Omissions -33
Reserves and Related Items -6
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