The central African country in November 2022 reached an agreement with its creditors, notably Swiss commodities trader Glencore, paving the path for more IMF support but falling short of eliminating the country’s $3 billion in external debt. The global economy has shown resilience, but this resilience is not evenly distributed”, she said. Chad, according to the IMF presents a favorable “2023 outlook” but subject to significant risks. “After the 2022 rebound, oil production is expected to increase significantly (to 6.3 percent). Growth in the non-oil sector would also increase to 3.5 percent in 2023, owing mainly to the recovery of agricultural production, following the 2022 floods.

Source: The North Africa Journal July 20, 2023 11:37 UTC