Chad in talks with IMF On $130m loan -Minister
Chad is negotiating a new loan program with the International Monetary Fund totaling about $130 million and hopes to conclude discussions in the second half of the year, the country’s finance minister said on Saturday.
Bedoumra Kordje, minister for finance and budget, said Chad was seeking a so-called Extended Credit Facility from the IMF, which had proposed an amount of about 60 billion CFA francs ($127 million) for the program. The landlocked central African country, one of the continent’s poorest, has seen strong growth over the past decade as it emerged as an oil producer. Chad had also been involved in two peacekeeping operations - in neighboring Mali and Central African Republic, though it decided to withdraw its troops from the CAR earlier this month. [ID:nL5N0MW2B1]