en
en
Bitcoin
11,274
Bitcoin
$ 13,242
Bitcoin
11,274

2,722.5 billion FCFA contracted in the 1st quarter of 2020 in Chad

The Chadian Observatory of Public Finances (OTFP), on October 9, published  statistics on Chad’s external debt in the first quarter of the year 2020.

From January 1 to March 31, 2020, 2,722.5 billion CFA francs were contracted, compared to 2,499.7 billion CFA francs in the same period last year, an increase of 8.9%, considering the results internal debt audit


Chad’s public debt ratio is 46.6% as of March 31, 2020, compared to 37.2% a year earlier. An early lower than the CEMAC convergence criterion which sets the debt ceiling at 70% of gross domestic product (GDP). Chad therefore meets this criterion to date.

External debt is dominated by commercial debt. It represents 21.9% of gross domestic product against a share of 24.7% for domestic debt.

According to the Chadian public finance observatory, the management of Chad’s public debt was marked by the Covid-19, in the first quarter of 2020. This document marks the first publication of the bulletin of statistics on the public debt situation .