The National Economic and Financial Committee (CNEF) of Chad concluded its second ordinary session of 2026 in N’Djamena on July 21, chaired by the Minister of State for Finance, Budget, Economy, Planning, and International Cooperation, Tahir Hamid Nguilin, who also leads the Committee.
The meeting brought together key officials, including the Minister of Trade and Industry, Guibolo Fanga Mathieu, the Minister Delegate for Economy and Planning, Saleh Bourma Ali, the Governor of the Bank of Central African States (BEAC), Yvon Sana Bangui, and other statutory members of the CNEF.
During the session, the Committee analyzed global, regional, and national macroeconomic trends, alongside economic forecasts for 2026 and medium-term projections. The report was presented by the CNEF’s Secretary-General and National Director of the BEAC, Idriss Ahmed Idriss.
Global tensions weigh on economic outlook
The final communiqué highlighted a global economic landscape still strained by ongoing geopolitical tensions in the Middle East, the prolonged Russia-Ukraine conflict, and rising protectionist measures across multiple regions.
Despite these challenges, the CEMAC subregion’s economies demonstrated resilience, with controlled inflation, improved fiscal and external balances, and strengthened foreign exchange reserves.
Chad’s GDP growth to hit 5.3% in 2026
The CNEF projects real GDP growth of 5.3% for 2026, up from 5.1% in 2025. This growth is expected to be driven primarily by the non-oil sector, even as oil production faces a decline. The Committee also noted a continued easing of inflationary pressures, with the inflation rate projected to drop to 0.5% in 2026 from 2.6% in 2025, reflecting an improved macroeconomic environment.
Monetary and banking indicators show positive trends
Members observed a significant rise in net foreign assets as of March 2026, alongside an increase in money supply and a comfortable level of import coverage by reserves. The banking sector and non-bank financial institutions also posted strong results, with the aggregate bank balance sheet growing by 4.9% year-on-year by the end of March 2026.
Budget execution and financial inclusion discussed
On public finances, the CNEF reviewed the state budget execution as of June 2026. The Committee also examined key reports, including the effective annual rate (EAR) for Q1 2026, findings from banking sector audits, and updates on the central bank’s deposit expansion initiatives across the country.
Following the discussions, the Committee reaffirmed its commitment to closely monitor economic and financial indicators to safeguard macroeconomic stability and sustain the country’s growth trajectory.
