Check our encyclopedia for a gloss on thousands of topics from biographies to the table of elements.Learn more about the mythic conflict between the Argives and the Trojans.Learn about one of the world's oldest and most popular religions. Chad chăd, chäd , officially Republic of Chad, republic (2015 est. Chad is bordered by the Central African Republic on the south, Sudan on the east, Libya on the north, and Cameroon, Niger, and … Industry is limited to food processing and the production of textiles and light consumer goods. country comparison to the world (CIA rank, may be based on non-current data): 133
74 91 The new terms include an extension of the maturity to 2030 from 2022, a two-year grace period on principal repayments, and a lower interest rate of the London Inter-bank Offer Rate (Libor) plus 2% - down from Libor plus 7.5%.
Oil and agriculture are mainstays of Chad’s economy. 206 Multinational partners, such as the African Development Bank, the EU, and the World Bank are likely to continue budget support in 2018, but Chad will remain at high debt risk, given its dependence on oil revenue and pressure to spend on subsidies and security. The country regulates the price of domestic fuel, providing an incentive for black market sales.Although high oil prices and strong local harvests supported the economy in the past, low oil prices now stress Chad’s fiscal position and have resulted in significant government cutbacks. Chad’s national development plan (NDP) cost just over $9 billion with a financing gap of $6.7 billion. 154 The economy is based primarily on sedentary subsistence agriculture and nomadic pastoralism, employing 80% of the workforce but contributing only about 32% of the GDP. Chad has been going through an economic crisis since 2015 with devastating effects on the economy. Continued unrest in neighbouring countries, particularly in the Central African Republic (CAR) and Nigeria, will impact the security and humanitarian environment of Chad through refugee and asylum-seeker flows. According to the 2009 statistics in the CIA World Factbook, Chad’s GDP stands at US$15.85 billion, which is 1% below the previous year’s level. Our editors update and regularly refine this enormous body of information to bring you reliable information.Infoplease is part of the FEN Learning family of educational and reference sites for parents, teachers and students.FEN Learning is part of Sandbox Networks, a digital learning company that operates education services and products for the 21st century.
36 202 Chad’s economic freedom score is 50.2, making its economy the 161st freest in the 2020 Index. country comparison to the world (CIA rank, may be based on non-current data): Page last updated on January 27, 2020
country comparison to the world (CIA rank, may be based on non-current data): Chad Overview: Economy. country comparison to the world (CIA rank, may be based on non-current data): Chad relies on foreign assistance and foreign capital for most of its public and private sector investment.
The best farming zone is in the south, where rainfall is sufficient for the cultivation of cotton and peanuts (the country's leading cash crops) for export and some subsistence crops, including sorghum, millet, rice, potatoes, and manioc.
2 During drought periods, Chad requires food aid to meet necessary levels. 164 11,631,000), 495,752 sq mi (1,284,000 sq km), N central Africa. country comparison to the world (CIA rank, may be based on non-current data): 107 89 country comparison to the world (CIA rank, may be based on non-current data): The NDP emphasized the importance of private sector participation in Chad’s development, as well as the need to improve the business environment, particularly in priority sectors such as mining and agriculture.The Government of Chad reached a deal with Glencore and four other banks on the restructuring of a $1.45 billion oil-backed loan in February 2018, after a long negotiation.
Oil and agriculture are mainstays of Chad’s economy. country comparison to the world (CIA rank, may be based on non-current data): Chad Economic Structure: GDP Composition.