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Chad - Connection 2030: The World Bank and the IDB among the main contributors

12/11/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The President of Chad, Mahamat Deby Itno, announced $16.4 billion in investment promises, made by private and international investors. It was Tuesday, November 11, 2025, at the closing of the “Chad Connexion 2030” financing round table, in the United Arab Emirates. The Islamic Development Bank (IDB) and the Bank worldwide are part of it.

The Islamic Development Bank (IDB) plans to inject $650 million to finance projects and 200 millions of dollars in terms of guarantees for investments and trade in Chad. For its part, the World Bank announced support of 2.5 percent. billion dollars to fund the implementation of the plan. The Head of State Chadian welcomed “the renewed confidence of partners and international investors” towards the country's vision of transformation.

Other institutions such as the group Industrial Arise, already established in Chad, has expressed its desire to strengthen its activity in the country through the construction of industrial areas in Sarh and N'Djaména, as well as the establishment of a textile factory, aimed at to process Chadian cotton locally.

According to the announcements made at the meeting, technical and financial partners will mobilize 16.4 billion dollars, while the private sector, mostly international, signed 40 agreements and memoranda of understanding (MoUs) worth $4.1 billion.

This mobilization of 20.5 billion dollars for The first year of the five-year plan represents nearly 70% of the budget a total of $30 billion needed to fully implement the PND.

noted that the Chad Plan Connexion aims for GDP growth of around 60%, with a rate of real GDP growth of 10% by 2030. The work of the first day was devoted to five thematic panels dealing with the essential levers of development: natural resources, industrialization, infrastructure, human capital and emerging technologies. Development issues socio-economic conditions in Chad in general were discussed. The president of The IDB Group reiterated the willingness of its institution to work for alongside Chad for its socio-economic takeoff

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