Tchad’s economic outlook: 5.3% growth projected for 2026

In N’Djamena, the National Economic and Financial Committee (CNEF) of the Chad concluded its second ordinary session of 2026 under the leadership of Minister of State Tahir Hamid Nguilin. The gathering, held on July 21, brought together key figures including the Minister of Trade and Industry, Guibolo Fanga Mathieu, the Minister Delegate for Economy and Finance, Saleh Bourma Ali, and the Governor of the Bank of Central African States (BEAC), Yvon Sana Bangui.

The session focused on evaluating global, regional, and domestic macroeconomic conditions, with projections extending into 2026 and beyond. Idriss Ahmed Idriss, Secretary-General of the CNEF and National Director of the BEAC, presented the findings.

Global tensions cloud economic forecasts

Discussions highlighted persistent geopolitical tensions in the Middle East, the ongoing conflict between Russia and Ukraine, and rising protectionist measures worldwide. Despite these challenges, economies within the Central African Economic and Monetary Community (CEMAC) continue to demonstrate resilience. The CNEF noted controlled inflation, improved fiscal and external balances, and strengthened foreign exchange reserves across the subregion.

Chad’s economic growth to hit 5.3% in 2026

The Committee forecasts a 5.3% expansion of Chad’s real GDP 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 downturn. Additionally, inflationary pressures are projected to ease further, with the inflation rate dropping to 0.5% in 2026 from 2.6% in 2025, signaling a more stable macroeconomic environment.

Financial indicators show positive trends

Members of the CNEF observed a notable increase in net foreign assets by the end of March 2026, alongside growth in the money supply and a comfortable import coverage ratio. The banking system in Chad, including non-bank financial institutions, also showed encouraging results, with aggregated bank balances rising by 4.9% year-on-year as of the same period.

Budget execution and financial inclusion discussed

During the session, the CNEF reviewed the state budget execution as of June 2026. Key topics included the effective lending rate report for Q1 2026, findings from audits of banking institutions, and updates on the central bank’s initiative to expand deposit services across the country. The Committee reaffirmed its commitment to closely monitor economic and financial indicators to uphold macroeconomic stability and foster sustainable growth.