Chad: FCFA 30 billion to be raised on the money market in March.

Chad is preparing to raise further funds on the regional debt market. Two ‘Obligations du Trésor Assimilables’ (OTAs), with maturities of 2 and 4 years, will be issued between now and the end of the month for a total amount of 30 billion FCFA.

These issues are part of an annual programme of FCFA 400 billion to finance the State budget. But in a context of currency hardening, borrowing conditions are becoming more complicated.

The BEAC has raised its rates to contain inflation, and the COBAC is now imposing a stricter weighting of loans to states, with the exception of Cameroon.
Nevertheless, the money market remains dynamic. In January 2025, total outstanding government securities reached CFAF 7,492 billion, up 17% year-on-year. Congo (34%), Cameroon (22.2%) and Gabon (22.1%)* remain the main borrowers in the sub-region.

source: Eco Matin