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.
U.S. President Donald Trump delivered a wide-ranging address from the White House in which he sought to highlight what he described as his administrat...
Emirati investment has become a central element of Azerbaijan’s renewable energy ambitions, prompting fresh focus on whether recent high-level visit...
Mounting U.S.-China tensions are heightening concerns about miscalculation, with political distrust increasingly shaping how both sides respond to eme...
Germany has confirmed a 43 million tonne lithium carbonate equivalent resource in the Altmark region, fuelling expectations that Europe could reduce s...
EU leaders meeting with Western Balkan counterparts in Brussels are working to refocus the bloc’s agenda on enlargement, with discussions heavily fe...
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.
The International Monetary Fund (IMF) has reached a staff-level agreement with Ukraine to provide $8.2 billion over four years under a renewed Extended Fund Facility (EFF) programme.
Cambodia must be the first to declare a ceasefire in the ongoing border conflict, Thailand said on Tuesday (16 December), as fighting continued despite earlier claims that hostilities would stop and at least 52 people have been killed on both sides.
The latest clashes between Thailand and Cambodia mark a dangerous escalation in one of Southeast Asia’s oldest and most sensitive disputes.
U.S. President Donald Trump confirmed that his administration is examining whether Israel violated the Gaza ceasefire agreement by conducting an airstrike on Saturday (13 December) that killed Hamas leader Raad Saad.
In the complex world of international diplomacy, the ongoing tensions between India and Pakistan have raised significant questions about the role of third-party mediation.
The fourth European Conference on Azerbaijani Studies was held in Vienna, Austria, on 5 December, by the European Network for Azerbaijani Studies and the Strategic Consultancy Group.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment