Chad has reached a staff-level agreement with the International Monetary Fund (IMF) for a four-year Extended Credit Facility (ECF) program worth approximately $630 million, a move expected to support the country’s economic stabilization efforts and long-term development agenda.
The agreement, finalized after discussions held in May 2025, remains subject to approval by the IMF Executive Board.
If approved, the program would be closely aligned with Chad’s Vision 2030 framework, which outlines the nation’s overarching strategy for inclusive growth and structural transformation.
Vision 2030 is anchored on four strategic axes:
— Strengthening national unity through promoting peace, civic values, and cultural inclusion
— Enhancing good governance and the rule of law, including improving public administration, economic governance, democratic culture, and security
— Developing a diversified and competitive economy, emphasizing infrastructure, domestic savings, and private investment
— Improving the quality of life for the Chadian population, focusing on environmental sustainability and social well-being
The proposed IMF-backed program aims to support these priorities while helping reduce Chad’s public budget deficit, from over 4% of GDP to an average of 1.5% over the next four years.
This fiscal adjustment would be driven by a combination of measures including stronger domestic revenue mobilization, more effective expenditure controls, and restructuring of state-owned banks to promote financial sector stability.
Chad’s economy, which expanded by an estimated 3.5% in 2024 after growing 5% in 2023, is projected to grow more modestly at 3.3% in 2025.
However, the country’s economic outlook remains fragile, with ongoing exposure to external risks such as fluctuating oil prices, Chad’s primary export and revenue source, as well as regional security challenges and a reduction in official development assistance.
The program also encourages Chad to maintain strong collaboration with the Central African Economic and Monetary Community (CEMAC) in order to help preserve macroeconomic and financial stability across the region.
Beyond short-term fiscal targets, the IMF’s involvement is expected to unlock further financial support from Chad’s international partners, reinforcing the government’s efforts to implement wide-ranging reforms and development goals.
These efforts are guided by Chad’s Vision 2030 and the country’s series of National Development Plans (2017–2021, 2022–2026, and the upcoming 2027–2030), which collectively provide a long-term roadmap centered on social development, economic diversification, governance reform, and environmental protection.
Julien Reynaud, who led the IMF mission, commended the government’s engagement throughout the process.
“The mission expressed appreciation for the Chadian government’s cooperation during the May 5–16 discussions,” he said.
During the mission, IMF representatives also held discussions with senior government officials, civil society organizations, members of the financial sector, and international development partners to ensure broad-based consensus around the program’s design and goals.
As Chad continues to navigate a challenging regional context shaped by security pressures and financial strain, the proposed IMF-supported program could play a pivotal role in reinforcing fiscal discipline, improving governance, and accelerating the country’s development agenda, ultimately advancing long-term benefits for the Chadian population.
