Chad’s Emergency Debt Relief Got Rejected By A Committee Of Creditors Led By Saudi Arabia

IMF & World Bank assess the most recent changes in Africa nation's macroeconomic & financial status & highlighted, debt relief isn't required

Washington — On September 13 and 27, a virtual meeting of the Chad creditor committee (for Chad Emergency Debt Relief), co-chaired by France and Saudi Arabia and comprised of China, France, India, and Saudi Arabia, was held.

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In the company of IMF and World Bank employees. They Assessed the most recent changes in the nation’s macroeconomic and financial status in central Africa.

The committee highlighted that Chad Emergency Debt Relief is not required from official bilateral creditors.

It is unnecessary due to the rise in oil prices. Which is after the IMF’s upper credit tranche (UCT) program was approved on December 10, 2021.

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