The fifth review of a three-year Extended Credit Facility (ECF) arrangement (SDR 324 million, 200 percent of quota) was concluded on July 10, 2024. Resilient activity in the non-hydrocarbon sector supported economic growth in 2024, while oil production continued to surprise on the downside....

Economic recovery has continued, but growth remains subdued. Structural and governance weaknesses, ongoing internal conflicts and security concerns, social tensions around presidential elections in October 2025, and climate hazards continue to hinder the growth outlook, which is also unfavorably...

Le Tchad est un État fragile confronté à des difficultés de développement colossales. L'un des pays les moins développés au monde, il a été frappé par de graves chocs, notamment des inondations, l'afflux ininterrompu de réfugiés en provenance du Soudan, des menaces sécuritaires et...

The CEMAC's economy lost momentum in 2023. The external position weakened, with the current account shifting to a deficit and foreign reserve accumulation slowing. While inflation continued to ease, it remained elevated. Available data indicate a deterioration in the underlying fiscal positions...

The economy recovered in 2024 as oil sector rebounded from its slump. However, fiscal consolidation efforts somewhat waned, auguring the start of a political cycle. Buffers built during the 2018-21 EFF-supported program are being eroded by fiscal slippages from higher capital expenditures and a...

Real GDP growth stabilized at 4.2 percent in 2024. Led by food and energy prices, year-on-year inflation persisted, rising from 7.3 percent in March 2024 to 8.6 percent in December 2024 as deteriorating road and electricity infrastructure continued to weigh on transportation and production...

L'expansion budgétaire, menée en réponse aux différents chocs survenus ces dernières années, a permis de maintenir une croissance économique robuste, mais elle a également creusé la dette publique du Togo et alimenté les vulnérabilités au sein de l'Union économique et monétaire...