Promissory Notes
Promissory Notes issued by the State (central Government) do not correspond to funds borrowed and repayable thereafter. Promissory Notes document multi-year financial commitments made by the State vis-à-vis international financial institutions. These are non-negotiable, they do not bear interest and are generally cashed at the request of the financial institutions holding them and according to a predefined schedule.
Outstanding of Promissory Notes (in EUR), as of 31.03.2024
| Beneficiary | currency of issuance | circulating amount |
|---|---|---|
| African Development Fund (AfDF)** | EUR | 12.761.936,00 |
| Asian Development Bank (ADB)* | EUR | 0,00 |
| Asian Development Fund (ADF)** | EUR | 0,00 |
| Global Environment Fund (GEF)** | EUR | 1.723.375,00 |
| International Development Association (IDA)** | EUR | 98.447.500,00 |
| Multilateral Investment Guarantee Agency (MIGA)* | USD | 116.096,57 |
| Total : | 113.048.907,57 |
1 EUR = 1,0811 USD
(*) Called in subscribed capital, not yet cashed in
(**) Resources’ replenishments (donations)
Evolution of the outstanding of Promissory Notes
from 2024 to 2028 (in EUR)
| year | scheduled issuances | scheduled collections | outstanding (as of 31.12) |
|---|---|---|---|
| 2024 | 30.605.000,00 | 42.048.970,00 | 79.914.823,57 |
| 2025 | 30.605.000,00 | 34.114.180,00 | 76.405.643,57 |
| 2026 | 0,00 | 22.357.920,00 | 54.047.723,57 |
| 2027 | 0,00 | 18.390.091,00 | 35.657.632,57 |
| 2028 | 0,00 | 14.995.864,00 | 20.661.768,57 |
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