By Valerie K.
The Chadian Minister of Finance and Budget, Allali Mahamat Abakar, and the Ambassador of France to Chad, Philippe Lacoste, signed Thursday, December 6 in N’Djamena, two financing agreements for a total amount of 50 million euros . This assistance is part of the economic and financial program launched in 2016 between the two countries.
According to Mr. Lacoste, the first convention is a donation of 10 million euros which “will be entirely allocated to the health sector. This will include ensuring budget allocations for the country’s main hospitals and the National Blood Transfusion Center, as well as funding for three of the country’s main priority health programs, HIV / AIDS control and vaccination. ”
The second agreement concerns a loan of 40 million euros over a period of 20 years, including 5 years of grace period and at a concessional interest rate, he added. It will be paid in full by AFD to the budget of the State of Chad, and “is allocated to the payment of the net balance of civil servants in December (about € 30 million) and pensions and pensions, to the extent of the remainder (approximately € 10 million) corresponding to more than 3 months of care “.
As a public financial institution responsible for implementing France’s development policy, the French Development Agency (AFD) spent 10.4 billion euros in 2017 to finance projects in developing and emerging countries. and in favor of French overseas territories. A commitment up 10% compared to 2016.
