The National Economic and Financial Committee (CNEF) of Chad convened its second ordinary session of 2026 in N’Djamena on July 21, chaired by Tahir Hamid Nguilin, Minister of State overseeing Finance, Budget, Economy, Planning, and International Cooperation.
The meeting brought together key figures including Guibolo Fanga Mathieu, Minister of Trade and Industry, Saleh Bourma Ali, Deputy Minister responsible for Economy, Planning, and International Cooperation, Yvon Sana Bangui, Governor of the Bank of Central African States (BEAC), and other statutory members of the Committee.
During the session, the CNEF assessed the global, regional, and national macroeconomic landscape, 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 outlook
The final communiqué highlighted persistent geopolitical tensions in the Middle East, the ongoing conflict between Russia and Ukraine, and the rise of protectionist policies worldwide as major challenges influencing the international economic climate.
Despite a slight slowdown, economies within the Central African Economic and Monetary Community (CEMAC) demonstrated resilience. The Committee noted controlled inflation rates, improved budget and external balances, and strengthened foreign exchange reserves in the subregion.
Chad’s economic growth projected at 5.3% for 2026
On the domestic front, the CNEF forecasts real GDP growth of 5.3% in 2026, up from 5.1% in 2025. This growth is expected to be driven primarily by the non-oil sector, despite an anticipated decline in oil sector performance.
The Committee also observed a continued easing of inflationary pressures, with the inflation rate projected to drop to 0.5% in 2026 from 2.6% in 2025. This reflects an overall improvement in the macroeconomic framework.
Positive trends in monetary and banking indicators
Members of the Committee noted a significant increase in net foreign assets as of March 2026, alongside growth in money supply and a comfortable level of import cover in reserves.
The Chadian banking system and the non-bank financial sector showed encouraging results, with the aggregated banking balance sheet rising by 4.9% year-on-year as of March 2026.
Budget execution and financial inclusion priorities
Regarding public finances, the CNEF reviewed the state budget execution as of June 2026. The Committee also addressed several key files, including the Effective Annual Rate (TEG) report for the first quarter of 2026, findings from audits conducted at banking institutions, and progress on expanding central bank deposit services across the country.
Following the deliberations, the Committee reaffirmed its commitment to closely monitor economic and financial indicators to safeguard macroeconomic stability and foster sustainable growth in Chad.