Chad: IMF approves new $625 million program to support economic recovery
The International Monetary Fund (IMF) approved a new financing program for Chad on Friday, July 25, 2025, amounting to $625 million under the Extended Credit Facility (ECF). This four-year financial support begins with an immediate disbursement of $38.5 million.
The program is intended to support the implementation of Chad’s 2025–2030 National Development Plan. According to the IMF, it aims to strengthen fiscal sustainability, increase targeted social spending, create fiscal space for key development projects, and improve governance and the business climate.
This new initiative follows the conclusion of a previous three-year $570 million program, which the IMF assessed as having mixed results. Chadian authorities hope the new package will help attract additional external funding, particularly from bilateral and multilateral partners.
The IMF’s support is also part of a broader regional framework, contributing to the preservation of external stability within the Central African Economic and Monetary Community (CEMAC), of which Chad is a member. It is also expected to help close Chad’s balance of payments financing gap, which has been severely impacted by global uncertainties.
Chad is currently facing major economic pressures due to volatile oil prices, a humanitarian crisis sparked by the arrival of over 800,000 Sudanese refugees, and persistent food insecurity. Additionally, there has been a significant decline in official development assistance.
The Chadian government is relying on its strategic program, “Chad Connexion 2030,” which envisions $30 billion in investments in infrastructure, energy, and digital sectors. The goal is to achieve 8% annual economic growth while maintaining public debt at a sustainable level, projected at 32% of GDP by 2030.
