N’DJAMENA, February 8, 2016 – The World Bank Vice President for the Africa Region, Makhtar Diop, will arrive in Chad on Wednesday, February 10, for a two-day visit.
While in Chad, he will meet with Chadian President Idriss Déby Itno, Prime Minister Kalzeubé Payimi Deubet, members of the Chadian Government, members of the committee of Technical and Financial Partners, and the leaders of the Lake Chad Basin Commission (LCBC), which is headquartered in N’Djamena.
Mr. Diop and the country’s authorities will discuss the partnership between Chad and the World Bank Group and they will touch on such challenges as the impact of lower oil prices on the Chadian economy, the security and humanitarian situation, and Government efforts to reduce vulnerability and increase resilience.
Paul Noumba Um, World Bank Country Director for Mali, Chad, and Niger, stressed that “This visit will provide an opportunity to discuss views on diversifying the economy, improving the business climate in order to enhance the private sector’s contribution to development efforts, strengthening human capital, and managing public resources, as well as the resilience of a region heavily impacted by climate change, the security crisis, and the sharp drop in oil prices.”
In December 2015, a new Country Partnership Framework (CPF FY16-20) was prepared in close collaboration with the authorities and representatives of development stakeholders in Chad, with the aim of supporting the country’s five-year development plan covering the 2016-2020 period. Chad reached the completion point under the Heavily Indebted Poor Countries (HIPC) Initiative on April 28, 2015 and benefited from substantial relief of its debt.