Summary:EXECUTIVE SUMMARY In May 2001, the Boards of Executive Directors of IDA and the IMF agreed that the Republic of Chad had met the requirements for reaching the Decision Point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The amount of debt relief committed at the decision point was US$170.1 million in end-2000 present value (PV) terms, calculated to reduce the PV of eligible external debt to 150 percent of exports at end-2000. This relief implied a common reduction factor of 30 percent. In the view of the staffs of IDA and the IMF, Chad has made satisfactory progress in meeting the requirements for reaching the floating completion point. The key decisions, actions and measures required to fully fulfill all but four of the fifteen triggers have been taken, including the participatory preparation of a full Poverty Reduction Strategy Paper (PRSP) and its satisfactory implementation for at least one year; the continued maintenance of macroeconomic stability as evidenced by satisfactory implementation of the PRGF1 supported program; the implementation of the computerized expenditure circuit for at least six months and a functional expenditure tracing system for primary education services; the adoption of a public procurement code and its application decrees, the quarterly publication of procurement bulletins, the completion of audits by internationally reputed firms for the five largest procurement contracts awarded in 2001, the nomination of the judges of the commercial courts of the five largest cities; the adoption and implementation for at least one year of a governance strategy; the operationalization of at least 75 percent of health centers and districts; DPT3 vaccination rates of at least 40 percent and assisted delivery rates of at least 20 percent; sales of at least 2.8 million condoms; a prevalence of syphilis among women of at most 4 percent; primary education enrolment rates of at least 61 percent for girls and 89 percent for boys; a national road network usable at least during 50 percent of the year; access to potable water for at least 32 percent of the population; and a number of water points for livestock holders of at least 1,252.
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