Chad president Idris Deby Itno. Image/courtesy.
Chad is in talks with the International Monetary Fund (IMF) for a US$630 million support program aimed at jumpstarting economic reforms following the country’s recent political transition.
The discussions, were held in N’Djamena and led by IMF mission chief Julien Reynaud.
The proposed four-year arrangement would fall under the IMF’s Extended Credit Facility (ECF), with funding intended to bolster Chad’s National Development Plan (NDP), dubbed Chad Connexion 2030.
“IMF staff completed policy discussions with the authorities on a potential new program… to be supported by IMF resources of about US$630 million (SDR 455.65 million),” Reynaud said in a statement.
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The NDP, launched in the wake of the February 2025 political transition, targets broad-based reforms across four key sectors: infrastructure development, social policy and essential public services, economic and industrial development, and improvement of the business environment.
“Chad is at a turning point in its history,The Chadian authorities are keen to implement an ambitious plan of reforms and projects in their National Development Plan.”said Reynaud..
Despite the reform momentum, the IMF warned of a difficult path ahead due to global and regional pressures.
“The NDP will be implemented in a challenging global environment,” said Reynaud, citing regional conflict, declining oil prices, and reduced official development aid (ODA) as key obstacles.
Chad’s economic growth is also showing signs of strain. The IMF estimates that gross domestic product (GDP) expanded by 3.5 percent in 2024, down from 5 percent in 2023, and is projected to drop further to 3.3 percent in 2025 before gradually recovering.
According to Reynaud, the country’s outlook hinges on the implementation of reforms supported by the proposed ECF and the frequency and magnitude of external and climate shocks.
The IMF’s executive board is expected to make a final decision on the program once discussions are finalized and policy commitments are in place.
