## IMF Reaches Staff-Level Agreement with Chad on a Four-Year Extended Credit Facility (ECF) Program

_IMF News, May 22, 2025_

## Source details

**Canonical URL:** [IMF Reaches Staff-Level Agreement with Chad on a Four-Year Extended Credit Facility (ECF) Program](https://www.imf.org/en/news/articles/2025/05/22/pr-25158-chad-imf-reaches-agreement-on-a-4-year-ecf-program)

## Other formats

- [Markdown version](/en/news/articles/2025/05/22/pr-25158-chad-imf-reaches-agreement-on-a-4-year-ecf-program/index.md)
- [Structured JSON version](/en/news/articles/2025/05/22/pr-25158-chad-imf-reaches-agreement-on-a-4-year-ecf-program/index.json)
- [Bundle manifest](/en/news/articles/2025/05/22/pr-25158-chad-imf-reaches-agreement-on-a-4-year-ecf-program/bundle-manifest.json)

## Bibliographic details
- Published: May 22, 2025

---

### Mission and staff-level agreement
- IMF mission led by Julien Reynaud visited N'Djamena from May 5-16 to conduct discussions on IMF support for the authorities' economic reform program.
- Staff completed policy discussions on a potential new program under the Extended Credit Facility (ECF) to be supported by IMF resources of about US$630 million (SDR 455.65 million) over four years.
- Agreement is subject to the approval of the IMF Executive Board and receipt of the necessary financing assurances.
- End-of-mission press release notes these are preliminary findings; staff will prepare a report, subject to management approval, for presentation to the IMF's Executive Board for discussion and decision.

### Program objectives and focus
- Program will serve as an anchor for economic, financial, and social development policies in a difficult and uncertain international environment.
- Based on the priorities in the National Development Plan, Chad Connexion 2030, which will focus on four key areas:
  - (i) infrastructure development,
  - (ii) social policy and essential public services,
  - (iii) economic and industrial development,
  - (iv) improvement of the business environment.
- Program aims to create the budgetary conditions needed to finance the new National Development Plan, promote governance, and inclusive growth to reduce poverty, while addressing Chad's fiscal fragilities.
- Program will support:
  - governance diagnostic assessment of economic and financial governance and the rule of law.
  - an audit report of government revenues in the oil sector as a step towards greater transparency.

### Macroeconomic outlook and risks
- Chadian gross domestic product (GDP) is expected to have grown by 3.5 percent in 2024, compared to 5 percent in 2023.
- Growth is expected to be 3.3 percent in 2025, and then gradually increase over the medium term.
- Outlook hinges on the implementation of reforms supported by the proposed ECF and the frequency and magnitude of external and climate shocks.
- The NDP will be implemented in a challenging global environment with risks including:
  - conflict and instability in the region,
  - lower oil prices,
  - reduced official development aid (ODA) funding,
  all of which will put further strain on the country's fiscal resources.

### Fiscal strategy, measures, and targets
- Program aims to reduce the fiscal deficit by increasing non-oil revenues and containing expenditure in non-priority sectors.
- Required measures include:
  - new targeted measures in indirect taxation,
  - public financial management reforms,
  - management of arrears,
  - digitalization of the tax and customs administrations.
- Controlling the size of the public sector workforce and restricting emergency spending procedures will help to control spending.
- Target fiscal outcome: reduce the fiscal deficit to 1.5 percent of GDP on average over the program horizon.
- Prudent and sustainable fiscal policy intended to create fiscal space for essential social and investment spending.

### Social protection and inclusion measures
- Priority to increase the direct funding and coverage of the cash transfer and school feeding programs.
- To better target social and development spending, the Unified Social Register (RSU) and national identification programs will be expanded.

### Governance, structural reforms, and state-owned enterprises
- Chadian authorities reaffirmed commitment to implement structural reforms to:
  - improve the business climate,
  - enhance fiscal transparency,
  - strengthen climate resilience,
  - advance decentralization,
  - fight corruption and poverty.
- Authorities determined to address the restructuring needs of the state-owned banks, paving the way for eventual disinvestment of the state.

### Financial stability and regional cooperation
- Chad should continue to work closely with its regional partners to ensure financial stability within the CEMAC framework.
- Essential policies include correcting macroeconomic imbalances and consolidating external stability, including by ensuring that net foreign assets remain adequate.
- Staff and the authorities expect that Fund financial support will pave the way for additional financial support from development partners.

### Meetings, acknowledgments, and next steps
- Mission met with:
  - Mr. Tahir Hamid Nguilin, Minister of State, Minister of Finance, Budget, Economy, Planning and International Cooperation;
  - Mr. Idriss Ahmed Idriss, National Director of the BEAC;
  - Ms. Ndolenodji Alix Naimbaye, Minister of Petroleum, Mines and Geology;
  - Ms. Fatima Haram Acyl, Minister Delegate to the Minister of Finance, in charge of Economy, Planning and International Cooperation;
  - Mr. Ali Djadda Kampard, Secretary of State for Finance and the Budget;
  - Ms. Zara Ibrahim Mahamat Itno, President of the Court of Auditors;
  - senior officials from the ministries of finance, petroleum, justice, agriculture, social action, national solidarity, and humanitarian affairs, INSEED, the General Inspectorate of Finance (IGF), the SHT, the Independent Anti-Corruption Authority (AILC), and the Court of Auditors.
- Mission also held discussions with representatives of the productive and financial sectors, civil society, and the technical and financial partners.
- IMF mission thanked the Chadian authorities for their warm welcome, excellent collaboration, and constructive discussions.

*Press Release No. 25/158, May 22, 2025 — IMF Communications Department*

---


## References

- [Chad and the IMF](http://www.imf.org/external/country/TCD/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [link](https://www.imf.org/en/Topics/governance-and-anti-corruption)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2025/05/22/pr-25158-chad-imf-reaches-agreement-on-a-4-year-ecf-program_