Chadian Prime Minister Seeks Financing in the United States and Europe

Soukaina Sghir
Soukaina Sghir
2 Min Read
Prime Minister

The Prime Minister of Chad is currently on a tour in the United States and Europe to engage with international financial institutions. Success Masra, a former opposition figure who returned from exile and assumed the Premiership earlier this year, has embarked on a ten-day visit aimed at mobilizing funding for his country, particularly in light of the upcoming presidential election.

The objective is to “mobilize resources to support the end of the transition.” Accompanying him on this journey are the Ministers of Finance and Economy. They will be visiting the World Bank, which is hosting the Fragile and Conflict-Affected Countries Forum in Washington. Additionally, they will be at the United Nations in New York, meeting with American and French officials, as well as the leadership of the International Monetary Fund.

The IMF teams have just concluded a visit to N’Djamena, with a mixed assessment: while Chad has made efforts in terms of data accessibility, there are still strides to be made concerning budgetary discipline, particularly in explaining significant off-budget expenditures.

“The country is facing an unprecedented humanitarian crisis,” responds N’Djamena, which now hosts over a million Sudanese refugees on its soil. However, authorities are struggling to convince, amidst high oil prices and increased tax revenues.

The next IMF review is still pending validation. However, in Washington, Success Masra could request access to the IMF’s Resilience and Sustainability Fund, dedicated to countries affected by climate change.

Weafrica24

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