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Chad Educational Institutions Rehabilitation Project

15-Jan-2014

The Educational Institutions Rehabilitation Project concerns primarily the intermediate, secondary and higher education institutions in the town of N’djamena. It was financed with an ADF loan of UA 10.78 million (Loan n°F/TCH/EDU89/19) which was approved in September 1988 and signed in May 1989. The loan covered the entire foreign exchange cost and 38% of the local currency cost.

In addition to the ADF loan, a government counterpart of UA 1.21 million was earmarked and provided with immense difficulty. In May 1999, the first loan disbursement was made. To date, a balance of UA 1.24 million has still not been disbursed by the Bank as a means of sanction against the Government for the delay in the release of the counterpart funds.

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