Chad has received $125 million lifeline from the World Bank Group to address its economic crisis which was caused by huge debt.
The funds will provide budget support to the government to improve economic resilience.
It is designed to kick-start recovery measures and help fund refugees and host communities’ support programmes.
The country has also been facing an influx of refugees from conflict zones in nearby countries, notably territories affected by attacks perpetrated by Boko Haram and other militia from Nigeria, Niger and Cameroon.
The World Bank’s assistance to help fund development projects was provided as donations in the framework of two agreements signed by Chad.
The agreements were signed by Chadian minister of economy, Issa Doubragne on behalf of the government and World Bank resident representative, Francois Nankobogo.
Source: Voice of Nigeria