Chad secures over 24 billion FCFA from China for crucial development projects

Chad secures over 24 billion FCFA from China for crucial development projects
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Chad secures over 24 billion FCFA from China for crucial development projects

Chad has successfully secured significant new financial backing from China. Two grant agreements, totaling 300 million yuan—equivalent to approximately 44 million US dollars or more than 24 billion FCFA—were formalized in N’Djamena on Thursday, August 20. These funds are earmarked to bolster projects in infrastructure and social development, alongside investments in digital technology and professional training initiatives.

Crédit Photo : MEF

The two distinct agreements comprise grants of 100 million and 200 million yuan, respectively. Signatories included Tahir Hamid Nguilin, Chad’s Minister of State for Finance, Budget, Economy, Planning, and International Cooperation, and Wang Xining, the Chinese Ambassador to Chad. Crucially, Chad’s Ministry of Finance confirmed these allocations are outright grants, not loans. This distinction is vital, as the 300 million yuan will not contribute to any additional debt burden for the nation.

Another key aspect highlighted by N’Djamena is the immediate availability of these resources. The Chadian government plans to channel the funds into critical areas such as infrastructure development, social programs, digital technologies, and various training initiatives. Minister Tahir Hamid Nguilin emphasized, “The two grants, amounting to 100 and 200 million yuan respectively, are immediately mobilizable.” He further noted a specific focus would be placed on projects directly benefiting the population, particularly targeting youth and women.

From infrastructure to digital advancement

The announced scope for these funds is notably broad. Ambassador Wang Xining clarified that China’s assistance is designed to support the financing of essential infrastructure and social projects, while simultaneously fostering the growth of digital technologies and enhancing skill development. As of now, no specific projects have been publicly linked to these two financial packages, nor has the allocation of the 300 million yuan across different sectors been detailed. The practical application of these resources will become clearer as specific projects are identified and subsequently implemented. This commitment represents a substantial opportunity, making over 24 billion FCFA available for investment without incurring new debt.

This latest financial injection follows another significant Chinese contribution made just weeks prior. On July 7, Beijing and N’Djamena finalized a grant of 2 million US dollars, approximately 1.2 billion FCFA, specifically designated for flood prevention and management. This earlier funding aimed to bolster Chad’s response capabilities after a series of particularly devastating flood events. In 2024, floods impacted an estimated 1.9 million people, resulted in 576 fatalities, and destroyed over 432,000 hectares of agricultural land, according to international humanitarian data.

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