Chad has been a member of the BEAC since independence.
The
BEAC, with the backing of the French treasury, served as
the
central bank of its member states: Cameroon, Central
African
Republic, Chad, Congo, Equatorial Guinea, and Gabon.
Consequently,
Chad has adhered to the Franc Zone, using as currency the
African
Financial Community franc, (Communauté Financière
Africaine--CFA;
for value of the
CFA franc--see Glossary).
Use of the CFA
franc,
which was tied to the value of the French franc (FF) at
CFA F50 to
FF1, gave Chad a stable, convertible currency. This factor
spurred
trader confidence in the value of the currency and in the
ability
to convert to hard currency acceptable as payment for
imports. It
was particularly helpful to the economy to have a stable
currency
backed by regional and international cooperation and not
subject to
political whim as governments and coalitions fought for
power in
Chad. Reconstruction after 1982 would have been far slower
and more
difficult had currency value suffered the volatility,
inflation,
and distrust of traders so often encountered in other
Third World
nations.
All banking offices closed in 1979 and 1980 when
N'Djamena was
the scene of heavy fighting. The BEAC reopened in 1981
along with
the BIAT, the BTCD, and the Development Bank of Chad
(Banque de
Développement du Tchad--BDT). Only the International Bank
for
Commerce and Industry in Chad (Banque Internationale pour
le
Commerce et l'Industrie du Tchad--BICIT) had failed to
reopen by
late 1987, leaving Chad with only three banks plus the
central
bank. Of the three banks, only the BIAT--the local
subsidiary of
the French-owned International Bank for West Africa
(Banque
Internationale pour l'Afrique Occidentale--BIAO) was
totally under
private ownership. The government and the French bank
Crédit
Lyonnais shared joint ownership of the BTCD, along with
some other
smaller investors. The BDT was the principal
government-controlled
bank for development purposes; it received considerable
support
from the CCCE, a key arm of French foreign assistance
programs.
In Chad the flow of credit and cash traditionally
followed the
rhythm of the cotton-growing season. Cotontchad, by law
required to
buy all cotton produced at preset prices, made short-term
loans
from the banks before planting each year to import
materials for
its cultivation improvement programs and to pay the
producers for
their crops at harvest. The credit portfolios of Chad's
banks
reflected this situation. In 1986 almost 90 percent of the
claims
on banks were short-term loans, more than 70 percent of
which were
consigned to Cotontchad. Overall, Cotontchad claimed 64
percent of
all credit available to the economy. In 1984, with rising
cotton
production and good world prices, credit extended by the
BEAC
expanded quickly. This credit permitted an adequate level
of
industrial and consumer imports but drained the BEAC's
exchange
reserves. With the collapse of world cotton prices in
1985,
Cotontchad's revenues dropped, and foreign exchange
flowing into
Chad declined. As a result, the BEAC's exchange reserves
dropped
precipitously in 1986. Operations in the banking sector
ground to
a halt as Cotontchad fell into arrears on repayments of
its shortterm debt. In late 1986, the BEAC negotiated a
rescheduling of some
three-fourths of the short-term debt, allowing a ten-year
maturity,
including a five-year grace period with an interest rate
of 6
percent. The solution neither reduced the exposure of the
private
banks for loans to Cotontchad nor directly improved the
general
credit situation for other potential borrowers, especially
the
small- and medium-sized enterprises that often were
squeezed out of
the market. It did, however, save Chad's banking structure
and
Cotontchad from immediate collapse by buying time for
longer-term
solutions to be formulated with the aid of foreign donors.
No mechanisms existed for extending credit directly to
farmers
beyond assistance for cotton production. Before the
Chadian Civil
War, the BDT and the ONDR extended credit on a limited
basis, as
did the government's Rural Action and Development Fund
(Fonds de
Développement et de l'Action Rurale--FDAR). But these
credits for
marketing agricultural products were not repaid, and the
FDAR
ceased operations in 1981. In 1985 the government created
the Fund
for Rural Intervention (Fonds d'Intervention Rurale--FIR)
to
replace the FDAR. Through 1987 the government was unable
to fund
the FIR, and the international donor community did not
provide
agricultural credit on a sectoral level other than for
cotton,
which impeded Chad's intention to diversify its
agricultural
economy. In 1986 the World Bank financed a study and a
long-term
technical assistance program to determine credit needs and
options
for the design of an appropriate system of rural credits.
These
actions were taken in cooperation with other institutions,
such as
the ONDR (extension services) and SIMAT under the
authority of the
Ministry of Agriculture and Rural Development.
In 1983 the government imposed a five-year moratorium
that
froze all deposits and outstanding credits before 1980.
The
moratorium's purpose was to prevent a run on banks and to
staunch
capital flight when banks restored operations in early
1983 under
the new government. The impact of the moratorium was
twofold. On
the one hand, it served to reduce credit available to the
economy
because entrepreneurs were unable to withdraw assets for
investment
or operations. On the other hand, the amount of frozen
credits was
more than double that of frozen deposits, so the action
protected
other businesses from service on debts during the hard
times of
recovery.
The longer-term financial situation was bleak. The
problem of
interest payments to the BEAC for rediscounted credits,
which made
up the majority of frozen credits, compounded by
Cotontchad's
difficulties in meeting its debt obligations to the banks,
seriously strained Chad's banking system.
Background | | Chad, part of France's African holdings until 1960, endured three decades of civil warfare as well as invasions by Libya before a semblance of peace was finally restored in 1990. The government eventually drafted a democratic constitution, and held flawed presidential elections in 1996 and 2001. In 1998, a rebellion broke out in northern Chad, which has sporadically flared up despite several peace agreements between the government and the rebels. In 2005, new rebel groups emerged in western Sudan and made probing attacks into eastern Chad, despite signing peace agreements in December 2006 and October 2007. Power remains in the hands of an ethnic minority. In June 2005, President Idriss DEBY held a referendum successfully removing constitutional term limits and won another controversial election in 2006. Sporadic rebel campaigns continued throughout 2006 and 2007, and the capital experienced a significant rebel threat in early 2008.
|
Location | | Central Africa, south of Libya
|
Area(sq km) | | total: 1.284 million sq km land: 1,259,200 sq km water: 24,800 sq km
|
Geographic coordinates | | 15 00 N, 19 00 E
|
Land boundaries(km) | | total: 5,968 km border countries: Cameroon 1,094 km, Central African Republic 1,197 km, Libya 1,055 km, Niger 1,175 km, Nigeria 87 km, Sudan 1,360 km
|
Coastline(km) | | 0 km (landlocked)
|
Climate | | tropical in south, desert in north
|
Elevation extremes(m) | | lowest point: Djourab Depression 160 m highest point: Emi Koussi 3,415 m
|
Natural resources | | petroleum, uranium, natron, kaolin, fish (Lake Chad), gold, limestone, sand and gravel, salt
|
Land use(%) | | arable land: 2.8% permanent crops: 0.02% other: 97.18% (2005)
|
Irrigated land(sq km) | | 300 sq km (2003)
|
Total renewable water resources(cu km) | | 43 cu km (1987)
|
Freshwater withdrawal (domestic/industrial/agricultural) | | total: 0.23 cu km/yr (17%/0%/83%) per capita: 24 cu m/yr (2000)
|
Natural hazards | | hot, dry, dusty harmattan winds occur in north; periodic droughts; locust plagues
|
Environment - current issues | | inadequate supplies of potable water; improper waste disposal in rural areas contributes to soil and water pollution; desertification
|
Environment - international agreements | | party to: Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Wetlands signed, but not ratified: Law of the Sea, Marine Dumping
|
Geography - note | | landlocked; Lake Chad is the most significant water body in the Sahel
|
Population | | 10,329,208 (July 2009 est.)
|
Age structure(%) | | 0-14 years: 46.7% (male 2,445,841/female 2,381,319) 15-64 years: 50.4% (male 2,386,428/female 2,816,050) 65 years and over: 2.9% (male 126,351/female 173,219) (2009 est.)
|
Median age(years) | | total: 16.5 years male: 15.3 years female: 17.7 years (2009 est.)
|
Population growth rate(%) | | 2.069% (2009 est.)
|
Birth rate(births/1,000 population) | | 40.86 births/1,000 population (2009 est.)
|
Death rate(deaths/1,000 population) | | 16.09 deaths/1,000 population (July 2009 est.)
|
Net migration rate(migrant(s)/1,000 population) | | -4.08 migrant(s)/1,000 population (2009 est.)
|
Urbanization(%) | | urban population: 27% of total population (2008) rate of urbanization: 4.7% annual rate of change (2005-10 est.)
|
Sex ratio(male(s)/female) | | at birth: 1.04 male(s)/female under 15 years: 1.03 male(s)/female 15-64 years: 0.85 male(s)/female 65 years and over: 0.73 male(s)/female total population: 0.92 male(s)/female (2009 est.)
|
Infant mortality rate(deaths/1,000 live births) | | total: 98.69 deaths/1,000 live births male: 104.72 deaths/1,000 live births female: 92.42 deaths/1,000 live births (2009 est.)
|
Life expectancy at birth(years) | | total population: 47.7 years male: 46.67 years female: 48.77 years (2009 est.)
|
Total fertility rate(children born/woman) | | 5.31 children born/woman (2009 est.)
|
Nationality | | noun: Chadian(s) adjective: Chadian
|
Ethnic groups(%) | | Sara 27.7%, Arab 12.3%, Mayo-Kebbi 11.5%, Kanem-Bornou 9%, Ouaddai 8.7%, Hadjarai 6.7%, Tandjile 6.5%, Gorane 6.3%, Fitri-Batha 4.7%, other 6.4%, unknown 0.3% (1993 census)
|
Religions(%) | | Muslim 53.1%, Catholic 20.1%, Protestant 14.2%, animist 7.3%, other 0.5%, unknown 1.7%, atheist 3.1% (1993 census)
|
Languages(%) | | French (official), Arabic (official), Sara (in south), more than 120 different languages and dialects
|
Country name | | conventional long form: Republic of Chad conventional short form: Chad local long form: Republique du Tchad/Jumhuriyat Tshad local short form: Tchad/Tshad
|
Government type | | republic
|
Capital | | name: N'Djamena geographic coordinates: 12 06 N, 15 02 E time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
|
Administrative divisions | | 18 regions (regions, singular - region); Batha, Borkou-Ennedi-Tibesti, Chari-Baguirmi, Guera, Hadjer-Lamis, Kanem, Lac, Logone Occidental, Logone Oriental, Mandoul, Mayo-Kebbi Est, Mayo-Kebbi Ouest, Moyen-Chari, Ouaddai, Salamat, Tandjile, Ville de N'Djamena, Wadi Fira
|
Constitution | | passed by referendum 31 March 1996; a June 2005 referendum removed constitutional term limits
|
Legal system | | based on French civil law system and Chadian customary law; has not accepted compulsory ICJ jurisdiction
|
Suffrage | | 18 years of age; universal
|
Executive branch | | chief of state: President Lt. Gen. Idriss DEBY Itno (since 4 December 1990) head of government: Prime Minister Youssof Saleh ABBAS (since 16 April 2008) cabinet: Council of State, members appointed by the president on the recommendation of the prime minister elections: president elected by popular vote to serve five-year term; if no candidate receives at least 50% of the total vote, the two candidates receiving the most votes must stand for a second round of voting; last held 3 May 2006 (next to be held by May 2011); prime minister appointed by the president election results: Lt. Gen. Idriss DEBY Itno reelected president; percent of vote - Lt. Gen. Idriss DEBY 64.7%, Delwa Kassire KOUMAKOYE 15.1%, Albert Pahimi PADACKE 7.8%, Mahamat ABDOULAYE 7.1%, Brahim KOULAMALLAH 5.3%; note - a June 2005 national referendum altered the constitution removing presidential term limits and permitting Lt. Gen. Idriss DEBY Itno to run for reelection
|
Legislative branch | | unicameral National Assembly (155 seats; members elected by popular vote to serve four-year terms); note - the 1996 constitution called for a Senate that has never been formed elections: National Assembly - last held 21 April 2002 (next to be held by 2009); note - legislative elections, originally scheduled for 2006, were first delayed by National Assembly action and subsequently by an accord, signed in August 2007, between government and opposition parties election results: percent of vote by party - NA; seats by party - MPS 110, RDP 12, FAR 9, RNDP 5, UNDR 5, URD 3, other 11
|
Judicial branch | | Supreme Court; Court of Appeal; Criminal Courts; Magistrate Courts
|
Political pressure groups and leaders | | rebel groups
|
International organization participation | | ACCT, ACP, AfDB, AU, BDEAC, CEMAC, FAO, FZ, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, ITSO, ITU, ITUC, MIGA, NAM, OIC, OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
|
Flag description | | three equal vertical bands of blue (hoist side), yellow, and red note: similar to the flag of Romania; also similar to the flags of Andorra and Moldova, both of which have a national coat of arms centered in the yellow band; design was based on the flag of France
|
Economy - overview | | Chad's primarily agricultural economy will continue to be boosted by major foreign direct investment projects in the oil sector that began in 2000. At least 80% of Chad's population relies on subsistence farming and livestock raising for its livelihood. Chad's economy has long been handicapped by its landlocked position, high energy costs, and a history of instability. Chad relies on foreign assistance and foreign capital for most public and private sector investment projects. A consortium led by two US companies has been investing $3.7 billion to develop oil reserves - estimated at 1 billion barrels - in southern Chad. Chinese companies are also expanding exploration efforts and plan to build a refinery. The nation's total oil reserves are estimated at 1.5 billion barrels. Oil production came on stream in late 2003. Chad began to export oil in 2004. Cotton, cattle, and gum arabic provide the bulk of Chad's non-oil export earnings.
|
GDP (purchasing power parity) | | $15.82 billion (2008 est.) $15.85 billion (2007 est.) $15.82 billion (2006 est.) note: data are in 2008 US dollars
|
GDP (official exchange rate) | | $8.4 billion (2008 est.)
|
GDP - real growth rate(%) | | -0.2% (2008 est.) 0.2% (2007 est.) 0.2% (2006 est.)
|
GDP - per capita (PPP) | | $1,600 (2008 est.) $1,600 (2007 est.) $1,600 (2006 est.) note: data are in 2008 US dollars
|
GDP - composition by sector(%) | | agriculture: 20.5% industry: 48% services: 31.5% (2008 est.)
|
Labor force | | 4.293 million (2007)
|
Labor force - by occupation(%) | | agriculture: 80% (subsistence farming, herding, and fishing) industry and services: 20% (2006 est.)
|
Unemployment rate(%) | | NA%
|
Population below poverty line(%) | | 80% (2001 est.)
|
Household income or consumption by percentage share(%) | | lowest 10%: NA% highest 10%: NA%
|
Investment (gross fixed)(% of GDP) | | 13.7% of GDP (2008 est.)
|
Budget | | revenues: $2.324 billion expenditures: $1.91 billion (2008 est.)
|
Inflation rate (consumer prices)(%) | | 10.3% (2008 est.) 4% (2007 est.)
|
Stock of money | | $NA (31 December 2008) $874.5 million (31 December 2007)
|
Stock of quasi money | | $NA (31 December 2008) $55.23 million (31 December 2007)
|
Stock of domestic credit | | $NA (31 December 2008) $82.81 million (31 December 2007)
|
Market value of publicly traded shares | | $NA
|
Economic aid - recipient | | ODA, $379.8 million (2005)
|
Agriculture - products | | cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels
|
Industries | | oil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials
|
Industrial production growth rate(%) | | 2% (2008 est.)
|
Current account balance | | -$1.019 billion (2008 est.) -$737.8 million (2007 est.)
|
Exports | | $4.342 billion (2008 est.) $3.674 billion (2007 est.)
|
Exports - commodities(%) | | oil, cattle, cotton, gum arabic
|
Exports - partners(%) | | US 92.8%, Japan 2.2%, France 1.5% (2008)
|
Imports | | $1.927 billion (2008 est.) $1.541 billion (2007 est.)
|
Imports - commodities(%) | | machinery and transportation equipment, industrial goods, foodstuffs, textiles
|
Imports - partners(%) | | France 17.5%, Cameroon 14.8%, China 9.8%, Ukraine 9.5%, US 7.7%, Germany 5.6%, Saudi Arabia 4.7%, Netherlands 4% (2008)
|
Reserves of foreign exchange and gold | | $1.347 billion (31 December 2008 est.) $964.4 million (31 December 2007 est.)
|
Debt - external | | $1.6 billion (2005 est.)
|
Stock of direct foreign investment - at home | | $4.5 billion (2006 est.)
|
Stock of direct foreign investment - abroad | | $NA
|
Exchange rates | | Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar - 447.81 (2008 est.), 480.1 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004) note: since 1 January 1999, the Central African CFA franc (XAF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; Central African CFA franc (XAF) coins and banknotes are not accepted in countries using West African CFA francs (XOF), and vice versa, even though the two currencies trade at par
|
Currency (code) | | Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
|
Telephones - main lines in use | | 13,000 (2008)
|
Telephones - mobile cellular | | 1.809 million (2008)
|
Telephone system | | general assessment: primitive system with high costs and low telephone density; fixed-line connections for only about 1 per 1000 persons coupled with mobile-cellular subscribership base of less than 20 per 100 persons domestic: fair system of radiotelephone communication stations international: country code - 235; satellite earth station - 1 Intelsat (Atlantic Ocean) (2008)
|
Internet country code | | .td
|
Internet users | | 130,000 (2008)
|
Airports | | 54 (2009)
|
Pipelines(km) | | oil 250 km (2008)
|
Roadways(km) | | total: 33,400 km paved: 267 km unpaved: 33,133 km (2002)
|
Military branches | | Armed Forces: Chadian National Army (Armee Nationale du Tchad, ANT), Chadian Air Force (Force Aerienne Tchadienne, FAT), Gendarmerie (2008)
|
Military service age and obligation(years of age) | | 20 years of age for conscripts, with 3-year service obligation; 18 years of age for volunteers; no minimum age restriction for volunteers with consent from a guardian; women are subject to 1 year of compulsory military or civic service at age of 21 (2004)
|
Manpower available for military service | | males age 16-49: 1,906,545 females age 16-49: 2,258,758 (2008 est.)
|
Manpower fit for military service | | males age 16-49: 1,103,006 females age 16-49: 1,315,620 (2009 est.)
|
Manpower reaching militarily significant age annually | | male: 121,080 female: 121,585 (2009 est.)
|
Military expenditures(% of GDP) | | 4.2% of GDP (2006)
|
Disputes - international | | since 2003, Janjawid armed militia and the Sudanese military have driven hundreds of thousands of Darfur residents into Chad; Chad remains an important mediator in the Sudanese civil conflict, reducing tensions with Sudan arising from cross-border banditry; Chadian Aozou rebels reside in southern Libya; only Nigeria and Cameroon have heeded the Lake Chad Commission's admonition to ratify the delimitation treaty, which also includes the Chad-Niger and Niger-Nigeria boundaries
|
Refugees and internally displaced persons | | refugees (country of origin): 234,000 (Sudan); 54,200 (Central African Republic) IDPs: 178,918 (2007)
|
Trafficking in persons | | current situation: Chad is a source, transit, and destination country for children trafficked for the purposes of forced labor and commercial sexual exploitation; the majority of children are trafficked within Chad for involuntary domestic servitude, forced cattle herding, forced begging, forced labor in petty commerce or the fishing industry, or for commercial sexual exploitation; to a lesser extent, Chadian children are also trafficked to Cameroon, the Central African Republic, and Nigeria for cattle herding; children may also be trafficked from Cameroon and the Central African Republic to Chad's oil producing regions for sexual exploitation tier rating: Tier 2 Watch List - Chad is on the Tier 2 Watch List for its failure to provide evidence of increasing efforts to combat human trafficking in 2007; Chad was destabilized during 2007 by civil conflict leading to a declared state of emergency in February 2008, and a steady influx of refugees fleeing Sudan and the Central African Republic; the government demonstrated insufficient overall efforts to combat trafficking; Chad has not ratified the 2000 UN TIP Protocol (2008)
|
Electricity - production(kWh) | | 100 million kWh (2007 est.)
|
Electricity - production by source(%) | | fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001)
|
Electricity - consumption(kWh) | | 93 million kWh (2007 est.)
|
Electricity - exports(kWh) | | 0 kWh (2008 est.)
|
Electricity - imports(kWh) | | 0 kWh (2008 est.)
|
Oil - production(bbl/day) | | 127,000 bbl/day (2008 est.)
|
Oil - consumption(bbl/day) | | 1,000 bbl/day (2008 est.)
|
Oil - exports(bbl/day) | | 157,900 bbl/day (2007 est.)
|
Oil - imports(bbl/day) | | 1,571 bbl/day (2007 est.)
|
Oil - proved reserves(bbl) | | 1.5 billion bbl (1 January 2009 est.)
|
Natural gas - production(cu m) | | 0 cu m (2008 est.)
|
Natural gas - consumption(cu m) | | 0 cu m (2008 est.)
|
Natural gas - exports(cu m) | | 0 cu m (2008)
|
Natural gas - proved reserves(cu m) | | 0 cu m (1 January 2009 est.)
|
HIV/AIDS - adult prevalence rate(%) | | 3.5% (2007 est.)
|
HIV/AIDS - people living with HIV/AIDS | | 200,000 (2007 est.)
|
HIV/AIDS - deaths | | 14,000 (2007 est.)
|
Major infectious diseases | | degree of risk: very high food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A, and typhoid fever vectorborne disease: malaria water contact disease: schistosomiasis respiratory disease: meningococcal meningitis animal contact disease: rabies (2009)
|
Literacy(%) | | definition: age 15 and over can read and write French or Arabic total population: 25.7% male: 40.8% female: 12.8% (2000 est.)
|
School life expectancy (primary to tertiary education)(years) | | total: 6 years male: 7 years female: 4 years (2005)
|
Education expenditures(% of GDP) | | 1.9% of GDP (2005)
|