Chad - Economic memorandum

Report No. 1340-CD r L ` Republic of Chad Economic Memorandum June 30, 1977 West Africa Region FOR OFFICIAL USE ONLY Document of the World Bank This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit: CFA Franc (CFAF) a fixed parity exists between the CFA and the French francs: 1 French Franc = 50 CFA Franc The CFA franc floats against the dollar. Between February 12, 1973 and the end of October 1976, the rate has fluctuated as follows: US$ 1 CFAF 209 - 250 Throughout this report the following rates have been used for the conversion of CFA francs into US dollars and vice versa: 1968 and earlier years: US$ 1 = CFAF 247 1969: US$ I = CFAF 256 1970: US$ I = CFAF 277 1971: US$ 1 = CFAF 276 1972: US$ 1 = CFAF 252 1973: US$ 1 = CFAF 230 1974: US$ 1 = CFAF 240 1975: US$ I = CFAF 214 1976 and onwards: US$ 1 = CFAF 225 WEIGHT AND MEASURES 1 Metric Ton (t) = 2,205 lbs. 1 Kilogram (kg) = 2.2 lbs. 1 Kilometer (km) = 0.62 mile 1 Meter (m) = 3.28 feet  FOR OFFICIUL USE ONLY TABLE OF CONTENTS Page No. MAP SOCIAL INDICATORS INTRODUCTION ..................... ................ II. RECENT DEVELOPMENTS ....... ............. . 1 A. Origin and Use of Resources ..... .............. 2 B. The Sectors ........ ........................... 4 C. Population and Incomes ........................ 7 D. Public Finance ................................ 10 E. Central Bank and Banking System .... ........... 18 F. Foreign Trade and Finance ..... ................ 19 III. POLICIES AND PROSPECTS .............. .. ............. 26 A. Sector Issues ................................. 26 B. Medium Term Outlook and Projections .... ....... 30 STATISTICAL ANNEX This report is based on the findings of a mission that visited Chad from April 1 to April 22, 1976. The mission consisted of: Jochen Schmedtje Mission Chief Paul A. Popiel General economist William Grau Debt specialist David Steeds Agricultural economist Harold Kurzman Transportation consultant Isik Erim Loan Officer The report was discussed with the Government in March 1977. | This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.   LI BY A IARE w~~~~~. sanosi~ ~ ~ ~ ~ ~~~~~~~A RE CH AD o _r<,() M 1 X X B~~~~~~~ORKOU-ENNEDI- TIBE STI AFRICA f' CAMEL S FD N I G E R Ii _ ^// > XJ _ X = < 3 0 0~~~~~~~~~~~~~~~~~~~~~~~~~~~~~0 ~K1 ~~>---'u CATTLE GUM *"1