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Chad: Suspension of IFAD Funding Due to Financial Irregularities
By: Charilogone Editorial Team
The International Fund for Agricultural Development (IFAD) recently suspended its funding to Chad following an audit that revealed financial misconduct and irregularities. This decision led to the suspension of four major projects, impacting several provinces and putting hundreds of workers out of work.
Since its creation in Chad in 1991, IFAD's cooperation in Chad has been marked by management problems and recurring financial scandals. These recurring incidents now raise the question of the institution's possible withdrawal, which could jeopardize the country's access to international financing.
This situation calls for urgent reflection on transparency and project management to ensure sustainable and reliable development in Chad.
The International Fund for Agricultural Development (IFAD) recently suspended its funding to Chad following an audit that revealed financial misconduct and irregularities. This decision led to the suspension of four major projects, impacting several provinces and putting hundreds of workers out of work.
Since its creation in Chad in 1991, IFAD's cooperation in Chad has been marked by management problems and recurring financial scandals. These recurring incidents now raise the question of the institution's possible withdrawal, which could jeopardize the country's access to international financing.
This situation calls for urgent reflection on transparency and project management to ensure sustainable and reliable development in Chad.
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