On Tuesday, September 30, the Minister of Economy and Development Planning, Dr Issa Doubragne received Rasit Pertev, the new representative of the World Bank in Chad. On the menu for their meeting, presentation of two reports on the economic and social situation of the country in times of Covid-19.
Until January 2020, the Chadian economy was stable, thanks to oil and agricultural production. Successful fiscal consolidation programs have contributed to improved fiscal balance and debt sustainability. In addition, there are other economic successes.
But, since the arrival of Covid-19 in the country, the macroeconomic outlook has changed dramatically. Not only have this clouded outlook, this macroeconomic outlook presents significant downside risks.
In the short term, the report argues that there is “urgent need to support the most vulnerable population that could be affected by Covid-19”.
The second report presented focuses on analyzes of fiscal and budgetary revenues, education and health, more specifically, the problem of equity and efficiency of health services and also of public financing.
For the new representative of the World Bank in Chad, “these reports show the government’s room for maneuver in curbing this pandemic”.
