Author Topic: Chad's Economic Development Plan  (Read 234 times)

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Chad's Economic Development Plan
« on: March 08, 2020, 10:00:28 PM »
The Industrialization and Economic Diversification Plan was reviewed from March 2 to March 6 in N’Djamena. PDIDE (as it is called in French) was reviewed by both the Chadian Government and the Sub-Regional Office for Central Africa of the UN Economic Commission for Africa. (ECA).
This workshop reviewed Chad’s present condition and the decade (2020 -2030). It seeks to move the country’s economic growth rate from -2% to more than 8% per year until 2030. There are 6 enabling factors in Chad:
•   Energy and water
•   Agribusiness
•   Mining, extraction and metals
•   Construction building and public works
•   Banks and financing
•   The digital
The twelve pillars of PDIDE which are the sector-based routes for the development of Chad’s economy
1.   Meat, Leather, Milk
2.   Spirulina, Sesame, and Shea
3.   Cotton, Arabic Gum
4.   Refining and petrochemicals
5.   Gold mning
6.   Quarrying
7.   Metallurgical Industry
8.   Fiber Optic Network
9.   Data center, Intelligence
10.   Cement production
11.   Marble processing
12.   Brick production
The plan will sit on four foundations
1.   Governance
2.   Human capital
3.   Infrastructure
4.   Financing

In order to make this happen, the Chad Government would have to invest around 985.2 million US Dollars for the related projects between 2020 and 2022. According to computations of teams from ECA (UN Economic Commission for Africa) and Chad, these investments would generate total revenue on average of 1.86 billion US Dollars during the same period. The expected gains are around 873.6 million (representing an approximately 89% return on investment in three years.

ECA experts believe that putting this plan into action would trigger the emergence of small, medium, and large industrial enterprises in Chad.
Source: https://www.un.org/africarenewal/news/last-sprint-toward-chads-new-industrial-masterplan

I am reluctant to believe this can happen because of a few Red Flags that stick out like sore thumbs in a country like Chad.

There are other more down to earh reasons why it is not likely this plan would succeed. : It is a landlocked country with no acess to ports. it's road system is very poorly developed. it does not have a business environment that is favorable to an industrial boom. There is a severe gap in the educational and vocational skills of the workforce that would be necessary to initiate and sustain a development plan of this magnitude. Finally the country has a very low standard of living with most of the population engaged in the agricultural sector
https://chadadevelopingnation.weebly.com/economic-development.html

Security with regards to Islamic terrorist groups remains a major concern in this country. Development is impossible without a safe environment for progress to be made.

Discuss.
« Last Edit: March 08, 2020, 10:04:48 PM by Administrator »