Announced in May 2025 following negotiations in N’Djamena, the agreement awaits approval by the IMF Executive Board and the securing of necessary financing assurances.
The program is designed to support Chad’s long-term development agenda, anchored by its Vision 2030 framework and the accompanying National Development Plan (NDP).
Vision 2030, officially titled “The Chad We Want,” sets the country’s strategic direction to become an emerging economy by 2030. It focuses on strengthening good governance and the rule of law, promoting national unity, and creating conditions for sustainable socio-economic development.
If approved, the IMF program would align with these strategic priorities, aiming to reduce Chad’s public budget deficit from over 4% of GDP to an average of 1.5% over the next four years. This fiscal consolidation would be supported by reforms in revenue mobilization, expenditure control, and restructuring of state-owned banks to enhance financial sector stability.
Chad’s economy grew by an estimated 3.5% in 2024, down from 5% in 2023, with growth expected to slow slightly to 3.3% in 2025.
The economic outlook remains vulnerable due to external shocks including fluctuating oil prices, Chad’s main revenue source, regional security challenges, and reduced official development assistance.
The proposed program also encourages Chad’s continued collaboration with the Central African Economic and Monetary Community (CEMAC) to maintain macroeconomic and financial stability in the region.
Beyond immediate fiscal objectives, the anticipated IMF support is expected to catalyze additional financing from international partners, bolstering Chad’s efforts to implement its ambitious reform agenda and development strategy.
Chad’s Vision 2030 and the National Development Plans (2017–2021, 2022–2026, and forthcoming 2027–2030) provide a comprehensive roadmap for structural transformation. These plans emphasize social policy improvements, economic diversification, governance reforms, and environmental sustainability as key pillars for achieving long-term stability and growth.
Source: Africabusinessinsider