$ 35 million from WB to improve Chad's non-oil revenues

The envelope, the statement added, will also serve to strengthen the institutional capacities of the Ministries in charge of Finance and Budget, Oil and Energy, and Telecommunications and New Information Technologies.

According to the World Bank's representative in Chad, Francois Nankobogo, quoted in the statement, the mobilization of non-oil domestic revenues is a major challenge to Chad's financial stability and resilience to oil price fluctuations.

Through this operation, he added, the World Bank is providing substantial support for revenue mobilization through actions to improve the efficiency of non-oil revenue collection regardless of economic cycles.

project to improve tax revenue mobilization allows, according to the release, to result in a cumulative increase non-oil revenue collection between 2017 and 2023 of at least 6.6% of non-oil GDP.

In a longer-term perspective, the paper notes, this project is expected to help increase the average collection of non-oil revenues, from about 8.7% of non-oil GDP (2017-2019) to about 13.7% of non-oil GDP (2020-2023).

AHD / cat / APA