New funding aims to boost Chad’s development plan and ease financial strain.

Highlights:

● IMF to disburse $38.5M immediately as part of a four-year $625M program
● Funds will back Chad's $30B “Connexion 2030” plan targeting 8% annual growth
● Program follows mixed results from earlier $570M facility

The International Monetary Fund (IMF) has approved a new $625 million financial arrangement for Chad under its Extended Credit Facility (ECF), with an immediate disbursement of $38.5 million. The decision, announced on Friday, July 25, follows a $570 million program whose outcomes were considered mixed by the IMF.

Spanning four years, the new facility is intended to support Chad’s 2025–2030 National Development Plan. According to the IMF, the program will help maintain fiscal stability, expand space for development spending, improve governance, and create a more favorable business climate.

Central to the plan is “Chad Connexion 2030,” a $30 billion investment roadmap aimed at upgrading infrastructure in transport, energy, and digital sectors. The government expects this to yield average economic growth of 8% annually and keep public debt at 32% of GDP over the next five years, according to the Ministry of Finance.

The IMF's backing is also expected to unlock additional external financing from Chad’s development partners, at a time when the country faces mounting economic pressure. These include fluctuating oil prices, rising food insecurity, and the strain of hosting over 800,000 Sudanese refugees.

Beyond national benefits, the program contributes to regional goals, supporting the external stability of the Central African Economic and Monetary Community (CEMAC) by covering part of Chad’s balance of payments needs.

This article was initially published in French by Walid Kéfi

Edited in English by Ola Schad Akinocho