|Other Oily Seeds|
|Other Construction Vehicles|
|Planes, Helicopters, Spacecraft|
Chad, officially the Republic of Chad (French: République du Tchad), is a landlocked country in northern Central Africa. It is bordered by Libya to the north, Sudan to the east, the Central African Republic to the south, Cameroon and Nigeria to the southwest and Niger to the west. It is the fifth largest country in Africa in terms of area.
Chad has several regions: a desert zone in the north, an arid Sahelian belt in the center and a more fertile Sudanian Savanna zone in the south. Lake Chad, after which the country is named, is the largest wetland in Chad and the second-largest in Africa. Capital N'Djamena is the largest city. Chad is home to over 200 different ethnic and linguistic groups. Arabic and French are the official languages. Islam and Christianity are the most widely practiced religions.
Chad's financial system is among the least developed in the CEMAC region and remains weak, with limited depth and low monetization. As of 2012, there are eight commercial banks, two insurance companies, two pension funds, and over 200 microfinance institutions (MFIs). Total assets of the financial system as a whole account for only 12% of the GDP, below the 19% average for the CEMAC.
Informal financial services are widely spread and supervision and regulation is limited. Poor integration with global markets left the financial sector rather isolated from the effects of the global financial crisis, and credit to the economy expanded in 2009, up 13% from 2008 levels to reach approximately 10% of GDP. Loan reporting and payment and clearing mechanisms are fairly well developed, however vulnerabilities in the banking sector stemming from a lack of depth, high credit concentration, bank fragility, insufficient on-site supervision, and disorderly judiciary system, still represent significant risks to the system.
As of 2012, 9 commercial banks operated in the country. 65% of bank assets are held by foreign banks (Société Générale, UBA, and Ecobank) while the remaining 35% is held by the government-controlled bank. While bank balance sheets were not directly affected by the global crisis, the banking sector as a whole is relatively fragile, and directly exposed to the government's oil-related risk, since the government, directly or indirectly, represents the only significant banking client in the country. Commercial banks, which dominate the financial sector, offer a narrow range of financial products: as of end-2010, short-term loans accounted for about 55% of total assets, compared to 44% for medium-term loans, and less than 2% for long-term loans short-term loans.
|Agriculture||Wheat, Sugar cane, Cotton, rice, corn, sorghum and millet, peanuts|
|Manufacture||Oil, cotton textiles, brewing, soap, cigarettes, construction materials|
|Services (Including financial)||40.6% (2011 estimate)|
|Commercial Bank Chad||Financial|
|Mid Express Tchad||Industrial|
|Toumai Air Tchad||Airline|
|Societe tchadienne des postes et de l’epargne||Utilities|
|Other Oily Seeds|
|Other Construction Vehicles|
|Planes, Helicopters, Spacecraft|
The most recent Chadian Civil War began in December 2005. Since its independence from France in 1960, Chad has been swamped by the civil war between the Arab-Muslims of the north and the Sub-Saharan-Christians of the south. As a result, leadership and presidency in Chad drifted back and forth between the Christian southerners and Muslim northerners. When one side was in power, the other side usually started a revolutionary war to counter it.
France, the former colonial power, and Chad's northern neighbor Libya have both become involved at various times throughout the civil war. By the mid-1990s the civil war had somewhat stabilized, and in 1996 Idriss Dé by, a northerner, was confirmed president in Chad's first democratic election. In 1998 an armed rebellion began in the north, led by President Déby's former defense chief, Youssouf Togoimi. A Libyan peace deal in 2002 failed to put an end to the fighting. In 2003, conflict in the neighboring Darfur region in Sudan leaked across the border into Chad. Refugees from Sudan were joined by Chadian civilians who were trying to escape rebel violence and eventually filled the camps. It was clear that Chad's rebels received weapons and assistance from the government of Sudan. At the same time, Sudan's rebels got help from Chad's government. In February 2008, three rebel groups joined forces and launched an attack on Chad's capital, N' Djamena. After launching an assault that failed to seize the presidential palace, the attack was decisively repulsed. France sent in troops to shore up the government. Many of the rebels were former allies of President Idriss Dé by. They accused him of corruption towards members of his own tribe.
Beginning in the 7th millennium BC, human populations moved into the Chadian basin in great numbers. By the end of the 1st millennium BC, a series of states and empires had risen and fallen in Chad's Sahelian strip, each focused on controlling the trans-Saharan trade routes that passed through the region. France conquered the territory by 1920 and incorporated it as part of French Equatorial Africa. In 1960, Chad obtained independence under the leadership of François Tombalbaye. Resentment towards his policies in the Muslim north culminated in the eruption of a long-lasting civil war in 1965. In 1979 the rebels conquered the capital and put an end to the south's hegemony. However, the rebel commanders fought amongst themselves until Hissène Habré defeated his rivals. He was overthrown in 1990 by his general Idriss Déby. Since 2003 the Darfur crisis in Sudan has spilt over the border and destabilized the nation, with hundreds of thousands of Sudanese refugees living in and around camps in eastern Chad. Unsustainable high birth rates and a lack of agriculture let the country persist in poverty.
While many political parties are active, power lies firmly in the hands of President Déby and his political party, the Patriotic Salvation Movement. Chad remains plagued by political violence and recurrent attempted coups d'état. Chad is one of the poorest and most corrupt countries in the world; most inhabitants live in poverty as subsistence herders and farmers. Since 2003 crude oil has become the country's primary source of export earnings, superseding the traditional cotton industry.
Albert Pahimi Padacke?
(President National Assembly)
(Minister of finance)
The Central African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XAF) is the currency of six independent states in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 48.0 million people (as of 2014), and a combined GDP of US$88.2 billion (as of 2012).
CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the BEAC (Banque des États de l'Afrique Centrale, "Bank of the Central African States"), located in Yaoundé, Cameroon, for the members of the CEMAC (Communauté Économique et Monétaire de l'Afrique Centrale, "Economic and Monetary Community of Central Africa"). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued.
In several West African states, the West African CFA franc, which is of equal value to the Central African CFA franc, is in circulation.
The CFA franc was introduced to the French colonies in Equatorial Africa in 1945, replacing the French Equatorial African franc. The Equatorial African colonies and territories using the CFA franc were Chad, French Cameroun, French Congo, Gabon and Ubangi-Shari.
The currency continued in use when these colonies gained their independence. Equatorial Guinea, the only former Spanish colony in the zone, adopted the CFA franc in 1984, replacing the Equatorial Guinean ekwele at a rate of 1 franc = 4 bipkwele.
|National Song||"La Tchadienne"|
|Currency||Central African CFA franc (XAF)|
|GDP / GDP Rank||28.988 Billion USD|
|GDP Growth Rate||1.8 Percent|
|GDP Per Captial||$2445.184 (PPP)|
< 1.0% Hindus
< 1.0% Buddhists
< 1.0% Jews
< 1.0% Other Religions
President – Idriss Déby
|Website||Go to the web|
|Public Debt||51.155 Percent|
|Unemployment Rate||5.785 Percent|
|Labor Force (Occupation)||-|