Chad’s National Economic and Financial Committee (CNEF) convened its second ordinary session of 2026 in N’Djamena, chaired by Minister of State Tahir Hamid Nguilin, who also heads the Committee.
The meeting brought together key figures including the Minister of Trade and Industry, Guibolo Fanga Mathieu, the Minister Delegate in charge of Economy and Planning, Saleh Bourma Ali, the Governor of the Bank of Central African States (BEAC), Yvon Sana Bangui, and other statutory members.
During the session, the CNEF assessed global, regional, and national macroeconomic conditions, along with economic outlooks for 2026 and medium-term projections. The discussions were led by Idriss Ahmed Idriss, Secretary-General of the Committee and National Director of the BEAC.
Global uncertainties shape economic forecasts
The final communiqué highlighted a global economic landscape still dominated by geopolitical tensions in the Middle East, the ongoing conflict between Russia and Ukraine, and rising protectionist measures worldwide.
Despite a slight slowdown, Central African Economic and Monetary Community (CEMAC) economies continue to demonstrate resilience. The Committee noted controlled inflation, improved fiscal and external balances, and strengthened foreign exchange reserves across the region.
Chad’s GDP to expand by 5.3% in 2026
The CNEF forecasts Chad’s real GDP growth at 5.3% in 2026, up from 5.1% in 2025. This growth is expected to be driven primarily by the non-oil sector, even as the oil sector faces a decline.
Inflation pressures are projected to ease further, with the rate dropping to 0.5% in 2026 from 2.6% in 2025, signaling a more stable macroeconomic environment.
Monetary and banking indicators show positive trends
Committee members observed a notable increase in net foreign assets as of March 2026, alongside growth in money supply and a comfortable level of import coverage by reserves.
The Chadian banking system and non-bank financial sector also performed well, with the aggregate bank balance sheet expanding by 4.9% year-on-year by the end of March 2026.
Budget execution and financial inclusion take center stage
On the fiscal front, the CNEF reviewed the state budget performance as of June 2026. Discussions also covered the first-quarter 2026 report on the Effective Global Rate (TEG), findings from banking control missions, and updates on the central bank’s plan to expand deposit services nationwide.
Following the session, the Committee reaffirmed its commitment to closely monitor economic and financial indicators to uphold macroeconomic stability and foster sustainable growth.
