The National Economic and Financial Committee (CNEF) of Chad convened its second ordinary session of 2026 on July 21 in N’Djamena, chaired by the Minister of State for Finance, Budget, Economy, Planning, and International Cooperation, Tahir Hamid Nguilin, who also serves as CNEF President.
The meeting brought together key figures including the Minister of Trade and Industry, Guibolo Fanga Mathieu, the Deputy Minister in charge of Economy, Planning, and International Cooperation, 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 analyzed global, regional, and national macroeconomic conditions, 2026 economic forecasts, and medium-term projections. The presentations were delivered by the Committee’s Secretary-General and BEAC National Director, Idriss Ahmed Idriss.
Global tensions overshadow economic outlook
The final communiqué highlighted persistent geopolitical tensions in the Middle East, the ongoing Russia-Ukraine conflict, and rising protectionist measures worldwide as key challenges shaping the international economic landscape.
Despite a slight slowdown, Central African Economic and Monetary Community (CEMAC) economies showed resilience. The Committee noted controlled inflation, improved fiscal and external balances, and strengthened foreign exchange reserves across the region.
Chad’s GDP growth projected at 5.3% in 2026
Nationally, the CNEF forecasts real GDP growth of 5.3% in 2026, up from 5.1% in 2025. This expansion is expected to be driven primarily by the non-oil sector, offsetting a projected decline in oil production.
The Committee also observed a continued easing of inflationary pressures, with the inflation rate expected to drop to 0.5% in 2026 from 2.6% in 2025, reflecting an improved macroeconomic environment.
Monetary and banking indicators on the rise
Members noted a significant increase in net foreign assets as of March 2026, alongside growth in money supply and a comfortable level of import coverage for reserves. The Chadian banking system and non-bank financial sector demonstrated strong performance, with the aggregate banking balance sheet expanding by 4.9% year-on-year as of March 2026.
Budget execution and financial inclusion take center stage
On public finances, the CNEF reviewed the state budget execution as of June 2026. Discussions also covered the effective interest rate report for Q1 2026, findings from banking system audits, and updates on central bank branch openings across the country.
Concluding its deliberations, the Committee reaffirmed its commitment to closely monitor economic and financial indicators to safeguard macroeconomic stability and foster sustainable growth.
