The role of oil in economic development of the Republic of Chad

Abstract

The article deals with economic evolution of the Republic of Chad that started with the acquisition of income from the project of Chad/Cameroon. The author analyzes the factors of economic growth of the Republic of Chad, including foreign trade components and, taking into account real achievements of Chad due to oil incomes, hopes that Republic of Chad will experience substantial economic development of the whole economy as well as its key sectors. It will bring about the growth of budget earnings from external economic relations and will stimulate the use of these earnings for the country social needs.