Chad

Chad continues to face significant humanitarian, climate, and security shocks, in a context where oil revenues and official development aid are at risk. Following the expiration of the former Extended Credit Facility (ECF) in June 2024 and the closing of the political transition in February 2025, the authorities have requested a new arrangement under the ECF to address the country’s protracted balance of payments needs and support their reform efforts to achieve macroeconomic stability and high and inclusive growth. Given inherent fragilities and heightened regional and global uncertainty, the authorities see a new Fund-supported program as a policy anchor and as a catalyst. They are committed to prudent management of public finances and to lift development outcomes and spur diversification.