International Monetary Fund Halts Cash For Chad

In a meeting held last month by Chad’s IMF creditors, it was determined that Chad is no longer in need of dept relief due to rising crude oil prices.

The committee is co-chaired by France and Saudi Arabia, and also contains representatives from India and China. The decision met by the committee prevents the International Monetary Fund from making further payments to Chad, according to Catherine Patillo, an IMF economist responsible for Africa.

Peter Lee

Freelance Journalist and Editor, currently working with Heartbeat Africa News covering events in "The Heart of Africa". Contact Peter Lee in English or French at