- IMF Makes Progress Toward Chad ECF Review Agreement After N’Djamena Mission
The International Monetary Fund says it has made significant progress toward reaching a staff-level agreement with Chad on the first and second reviews of the country’s Extended Credit Facility programme, following a two-week mission to N’Djamena.
An IMF delegation led by Julien Reynaud visited Chad from May 4 to 15, 2026, to hold discussions with authorities on the implementation of reforms under the ECF arrangement.
At the end of the mission, Mr Reynaud said talks had advanced substantially, although a final agreement had not yet been reached.
“The delegation has made significant progress toward reaching a staff-level agreement on the first and second review of the ECF with Chad,” he said.
“We thank the authorities for their warm welcome and the quality of the exchanges. Discussions will continue virtually in the coming days,” he added.
The statement indicates that the IMF and Chadian authorities are still working through outstanding policy and technical issues before any staff-level agreement can be concluded. Once finalised, IMF staff would prepare a report, subject to management approval, for consideration by the Fund’s Executive Board.
The mission held discussions with several senior Chadian officials, including Tahir Hamid Nguilin, Minister of State and Minister of Finance, Budget, Economy, Planning and International Cooperation; Fatima Haram Acyl, Minister of Mining, Oil and Geology; and Ali Djadda Kampard, Secretary of State for Finance and Budget.
The IMF team also met officials from the regional central bank, anti-corruption institutions, public procurement regulators, the national statistics agency, UN agencies and representatives of the private sector.
The wide range of engagements suggests that the review discussions covered not only macroeconomic targets but also governance, public financial management, natural resources, procurement, financial oversight and private-sector conditions.
Chad’s ECF programme is intended to support macroeconomic stability, fiscal reforms and economic resilience in a country heavily exposed to oil revenue volatility, security pressures and development financing constraints.
For the IMF, Chad remains one of several African economies where programme implementation is taking place against a difficult backdrop of limited fiscal space, governance reform needs and exposure to global commodity-price movements.
The continued virtual discussions will therefore be closely watched by investors, development partners and regional policymakers, particularly for signals on whether Chad can meet the conditions required to unlock further IMF support.
