Chad : $ 125 Million from the World Bank to Fund Government Projects

The Chadian Minister of Economy and Development Planning, Issa Doubragne. Photo: RR

NEWSROOM (ADV) – Chad will receive $ 125 million from the World Bank to finance development projects.

According to information relayed by the media, this funding should be granted in the form of a donation, under two agreements signed between the Chadian Minister of Economy and Development Planning, Issa Doubragne, and the resident representative of the Bank. François Nankobogo last Friday.

The funding is expected to provide budget support to the government to strengthen economic resilience and begin recovery.

It should also support the refugee and host community project.

While the national economy is hit by a crisis exacerbated by a heavy debt, the country has also been facing for several years, a wave of refugees, from areas of conflict including regions affected by the attacks of the Boko Haram group, but also from and Central Africa.

It should be noted that the new financing operation was approved by the World Bank’s Board of Directors on September 12th.

© Bur-csa – A.H / Oumaima Mourtada – African Daily Voice (ADV)