In Paris, donors renew their support for Chad’s development
Paris, France - The international community has pledged to contribute 1.8 billion dollars to fill Chad's funding gap for 2014 and 2015.
Organized at the World Bank headquarters in Paris, the roundtable was chaired by the Prime Minister of Chad and convened members of the Government, officials from international organizations, bilateral donors such as France, the European Union and the United States, and private sector representatives.
The Government of Chad is aiming for double-digit growth in 2014 and 2015, based on a projected increase in the country’s oil production.
The country has numerous assets, including oil, latex, cotton, and a young population. In addition, Chad has been playing an important role in keeping the peace in countries such as Mali and the Central African Republic.
In order to boost the economy, the Government of Chad will invest in priority sectors such as infrastructure. The country saw a 3.4 percent growth rate in 2013, which is still not enough to bring down the poverty rate of 46 percent.
Chad’s development priorities are to achieve food security, to protect the environment and combat climate change, and to develop physical infrastructure, human capital, as well as bolster good governance and security.
The United Nations, including UNDP, have been supporting the MDG Acceleration Framework on food security, which aims to eliminate hunger in Chad.
Development progress will only be possible “with the development of capacities, continued advisory services to our national counterpart and financial support to the country’s priorities,” said Abdoulaye Mar Dieye, the Head of UNDP Africa.
On the second day of the event, Chad presented its national food security plan, also to benefit from the international community’s financial support.