The International Monetary Fund (IMF) has approved a $625 million loan programme for Chad to support economic growth and social spending amid regional and economic challenges.
The IMF's executive board has approved a four-year lending programme for Chad worth $625 million, including an immediate release of $38.5 million, the IMF announced on Friday.
Finalized in May, the programme aims to secure Chad’s fiscal stability, boost social spending to reduce poverty, and improve governance and the business environment to spur private sector growth.
These efforts will support Chad’s ambitious national development plan requiring $30 billion in public and private investments across infrastructure, electricity, and digital sectors.
The plan, scheduled for launch in Abu Dhabi this September, targets an average annual economic growth of 8% and aims to keep Chad’s debt at 32% of GDP between 2025 and 2030, according to the finance minister.
Chad faces challenges from falling oil prices, reduced development aid, and regional unrest. It also hosts hundreds of thousands of Sudanese refugees living in precarious conditions amid funding shortages.
Norway’s Sturla Holm Laegreid, who won bronze in the men’s biathlon at the Milano Cortina 2026 Winter Olympics on Tuesday (10 February) in Italy, ...
Kyiv is preparing to outline a simultaneous return to the ballot box and a public vote on a potential peace settlement, marking a pivotal shift in the...
Mexican Alpine skier Lasse Gaxiola will have his mother for company on his Olympic debut but she will not be cheering him from the finish area in Satu...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of February, covering the latest developments you need to...
A proposed multinational peacekeeping force for Gaza could involve around 20,000 personnel, with Indonesia estimating it may contribute up to 8,000, a...
Ukraine and the International Monetary Fund (IMF) held talks on Thursday to prepare a new programme providing expanded financing for 2026–2029, aimed at supporting the country’s economy and reconstruction efforts amid ongoing Russian attacks.
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in financial support, ensuring that the country’s ongoing IMF program remains on track.
The International Monetary Fund (IMF) is reviewing Sri Lanka’s request for approximately $200 million in emergency financing after Cyclone Ditwah caused widespread destruction across the island nation.
The European Commission has proposed a $105B support package for Ukraine for 2026–2027, combining joint European Union borrowing with proceeds from frozen Russian assets held in the bloc.
JD Vance arrived in Armenia on Monday (9 February), becoming the first sitting U.S. Vice President to visit the country, as Yerevan and Washington agreed to cooperate in the civil nuclear sector in a bid to deepen engagement in the South Caucasus.
The United States and Azerbaijan signed a strategic partnership in Baku on Tuesday (10 February) encompassing economic and security cooperation as Washington seeks to expand its influence in a region where Russia was once the main power broker.
António José Seguro’s decisive victory over far-right challenger André Ventura marks an historic moment in Portuguese politics, but analysts caution that the result does not amount to a rejection of populism.
Buckingham Palace said it is ready to support any police investigation into allegations that Prince Andrew shared confidential British trade documents with late sex offender Jeffrey Epstein, as King Charles expressed “profound concern” over the latest revelations.
Iran’s atomic energy chief says Tehran could dilute uranium enriched to 60 per cent if all international sanctions are lifted, stressing that technical nuclear issues are being discussed alongside political matters in ongoing negotiations.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment