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Chad - Financial Rehabilitation Program Project (Inglês)

The Financial Rehabilitation Credit support the first phase of the Government's adjustment program. The principal objectives of this phase of the program are to improve resource use in two important areas of the economy; public finance and the cotton sector. The measures in public finance are designed to increase budgetary revenues, augment development oriented current expenditures, and improve investment programming. The economic and financial viability of the cotton sector will be improved through measures to reduce costs of the cotton parastatal, improve extension and research, strengthen the sector's institutional set-up, and reform pricing policy. The Financial Rehabilitation Credit also resolve the problem of COTONTCHAD's arrears to the banking system. In addition, the program includes studies to prepare future adjustment measures in public finance/administration, the public enterprise sector, and agriculture.




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