Chad has secured a $625 million financing agreement with the International Monetary Fund (IMF) under a new four-year Extended Credit Facility (ECF) program that will run from 2025 to 2029. The deal, announced by Chad’s Ministry of Finance, Budget, Economy, Planning and International Cooperation, is aimed at stabilizing the economy, accelerating structural reforms, and supporting key pillars of the country’s development blueprint — “Chad Connection 2030.”
The IMF program will focus on boosting public investment in infrastructure, expanding access to basic social services, and promoting industrial and economic development. The initiative also aims to strengthen public financial management and improve the business climate to attract private sector investment. The approval includes an immediate disbursement of $40 million, with the remaining funds to be released in tranches following biannual performance reviews by the IMF.
Government officials say the agreement signals growing international trust in Chad’s reform agenda and commitment to long-term economic progress, despite ongoing security and climate challenges in the Sahel region. The IMF financing is expected to complement support from other development partners and help Chad reduce poverty, create jobs, and improve overall living conditions.
