• Agreement supports Chad’s 4-year development plan “Chad Connection 2030”
• Aims to reduce public deficit to 1.5% of GDP and address fiscal instability
• Follows mixed results under previous $570M program signed in 2021

Chad has reached a staff-level agreement with the International Monetary Fund (IMF) for a new four-year program supported by the Extended Credit Facility (ECF), totaling $630 million. The deal was announced in a note published on May 22.

The new program is intended to help fund Chad’s national development strategy, “Chad Connection 2030,” while promoting governance, inclusive and sustainable growth, and addressing persistent fiscal vulnerabilities. One of the key targets is to reduce the public deficit to an average of 1.5% of GDP over the program period.

“Today, Chad is at a turning point in its history. After a political transition completed in February 2025, Chadian authorities aim to implement an ambitious plan of reforms and projects under their National Development Plan (PND), Chad Connection 2030,” the statement read. The plan focuses on four priority areas: infrastructure, social policy and essential public services, economic and industrial development, and improving the business climate.

This agreement follows the conclusion of a previous $570 million ECF arrangement launched in 2021, which delivered mixed results. The IMF noted several ongoing challenges including internal conflict, regional instability, falling oil prices, and declining external development support, all of which continue to weigh on Chad’s budget outlook.

The country’s economy is projected to grow by 3.3% in 2025, with moderate gains expected in the medium term.

At the conclusion of discussions, the IMF emphasized the importance of structural reforms to correct macroeconomic imbalances and safeguard external stability. It specifically called for the maintenance of an adequate level of net external assets.