WorldChad: The President of the transition in search of Qatari investments

Chad: The President of the transition in search of Qatari investments


AA / Bamako / Amarana Maiga

The Lieutenant General of the army, Mahamat Idriss Déby, President of the Military Transition Committee at the head of Chad since the death of his father Idriss Déby Itno, began on Sunday a first visit of friendship and work lasting 48 hours in Doha, Qatar.

Mahamat Idriss Déby, President of the Republic of Chad was invited by Sheikh Tamim Ben Hamad Al-Thani, Emir of Qatar, for this first visit to Qatari soil, in order to discuss several cooperation agreements between Chad and the State of Qatar, and to strengthen diplomatic relations, Qatari media reported.

Upon his arrival in Doha, Mahamat Idriss Déby was greeted by the Emir of Qatar around a lunch.

The Chadian president invited Qatari economic operators to come and invest in his country, the same sources said.

A few days before this visit to Doha, the director of the Africa Department of the International Monetary Fund (IMF), Abebe Aemro Selassie, sounded the alarm on September 7 on the deterioration of the economic and financial situation of Chad under the combined effect of the shocks suffered by the country: Covid-19 pandemic, drop in oil prices, climate change and terrorist attacks.

According to the IMF, recent talks with the country’s authorities have confirmed growing concerns about the financing difficulties facing Chad, which have forced the government to cut social and development spending. essential.

“If these expenses are not quickly restored to their previous level, we can fear serious consequences in social matters and for the security of the country”, warns the director of the Africa department of the International Monetary Fund (IMF).

“Chad’s debt is not considered sustainable. Treatment of this debt is therefore essential and would subsequently enable the IMF’s board of directors to approve financing in support of Chad’s carefully calibrated public finance rebalancing program, as well as the reforms agreed with the staff of the IMF. IMF in January, ”explained the head of the monetary fund.

He further indicated that such treatment would also allow other development partners to unlock significant financial assistance.

Mahamat Idriss Déby, took the head of Chad for a period of 18 months after the death of his father Idriss Déby Itno, following injuries received while commanding his army in fighting against rebels in the north.

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