Financial Crime World

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Chad’s Financial Crisis: A Threat to the Nation’s Stability and Future

Two years have passed since Mahamat Idriss Déby Itno seized power and declared himself head of the Transitional Military Council (CMT) following the sudden death of his father, Idriss Déby Itno. Despite the transitional government’s efforts to reform the country’s constitution, financial woes continue to plague Chad.

Economic and Social Rights Issues

  • 42% of the population lives in poverty, according to the World Food Programme
  • Over 37% of children under 5 suffer from stunting
  • Climate change and desertification are affecting agricultural yields

The situation is further complicated by the influx of Sudanese refugees into eastern Chad, with over 420,000 fleeing since the start of the crisis in Sudan. This has put a significant strain on Chad’s resources, exacerbating existing humanitarian challenges.

Government Handling of Financial Matters

  • Failure to compensate victims of former President Hissène Habré
  • Despite the African Union’s allocation of $5 million to a trust fund for victims in 2017, the fund remains unused

International Concerns

  • United Arab Emirates sent arms to Rapid Support Forces militia in Darfur via an airstrip in eastern Chad, violating a UN arms embargo (reported in September)
  • International partners have raised concerns about Chad’s financial dealings

The Nation’s Future

The nation’s future is uncertain as it grapples with these complex issues. The government must take immediate action to address its economic and social rights challenges if it hopes to ensure stability and prosperity for its citizens.

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