(Ecofin Agency) – This sum represents approximately 16% of the national budget for the current year, adopted at 2,420.8 billion FCFA, in order to finance the country’s economy.
In 2025, Chad plans to mobilize 400 billion FCFA (or $628 million) on the public securities market of the Bank of Central African States (BEAC), the Central Bank of the six CEMAC countries.
According to the indicative timetable of public securities for 2025, published by this financial institution, the mobilization of funds will be done through two instruments which are: assimilable treasury bonds (BTA) of 3, 6 and 12 months, and assimilable treasury bonds (OTA) 2, 3, 4 and 5 years old. Thus, 135 billion FCFA will be raised in the form of BTA, and 265 billion FCFA in the form of OTA.
In detail, 75 billion FCFA will be raised in the first quarter of 2025, 95 billion FCFA in the second quarter and 115 billion FCFA during the last two quarters.
These operations will take place in a context where Chad, like other countries in the Cemac zone, is encountering difficulties in mobilizing funds on the BEAC market, due in particular to the tightening of the monetary policy of the Central Bank and the the introduction by COBAC of a weighting on loans granted to States, thus encouraging banks to diversify their portfolios.
-For Chadian securities, a risk weighting rate of 90% is applied, which reduces the capacity of this State to finance itself via the banking system. However, Chad urgently needs funds to finance, among other things, its 2025 budget which has an overall balance of 97 billion FCFA. An amount which still remains insufficient to meet the financing needs of the State which displays a budget deficit of 1.1% after an almost balanced budget in 2024.
However, according to the African Development Bank (AfDB), the economic outlook remains favourable, with expected growth of 5.3% in 2025, supported by the dynamism of the oil sector.
Sandrine Gainne
