Chad seeks $630 million financial support from IMF

“Chad stands at a turning point in its history … The NDP will be implemented in a challenging global context. Conflicts and instability in the region, along with declining oil prices and reduced public development aid financing, will place additional pressure on the country’s budgetary resources,” IMF mission head Julien Reynaud said in a statement.

Following the conclusion of a political transition, Chad intends to implement a range of reforms and projects under its National Development Plan named “Chad Connection 2030.”

Chad’s economy is estimated to have grown by 3.5% in 2024, down from 5% in 2023. Growth is projected to slow further to 3.3% in 2025, with a gradual increase expected over the medium term. The programme will aim to reduce Chad’s deficit to an average of 1.5% of GDP over the four years of its duration from over 4% currently.

The staff level agreement is subject to the approval of IMF’s executive board and the securing of the necessary financing assurances, the statement said.