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Add to Preferred SourcesThe World Bank approved an International Development Association (IDA) grant of $35 million to Chad to support the country’s efforts to improve domestic revenue mobilization, particularly of tax and customs revenue.
The Domestic Resource Mobilization and Management Project will finance capacity building activities and computer and network equipment within the Ministries of Finance and Budget, Petroleum and Energy, and Telecommunications and New Information Technologies to improve institutional efficiency and transparency.
“Domestic revenue mobilization, excluding oil revenue, represents a major challenge for Chad in terms of the country’s financial stability and resilience in an environment of fluctuating oil prices. With this project, the World Bank is providing considerable support for revenue mobilization through activities aimed at improving the effectiveness of non-oil revenue collection independently of economic cycles,” said François Nankobogo, World Bank Country Manager for Chad.
The main project beneficiaries are, among others, the Ministry of Finance and Budget and its key departments, particularly the tax and customs departments, which will develop information and monitoring tools for revenue mobilization with support from the project; the Ministry of Petroleum, which will receive capacity building with respect to the supervision of oil operators through audits and development of a petroleum registry and a contract management system; the Société des Hydrocarbures du Tchad, which will benefit from improved decision-making and supervision capacity through the establishment of an integrated management system; and the Ministry of Posts and New Information and Communication Technologies and its agencies, which will receive technical assistance to expedite modernization and boost the effectiveness of the sector.
Original source: World Bank
Published on 6 July 2018