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 31.10.2024
| Beneficiary | currency of issuance | circulating amount |
|---|---|---|
| African Development Fund (AfDF)** | EUR | 10.766.027,00 |
| Asian Development Bank (ADB)* | EUR | 0,00 |
| Asian Development Fund (ADF)** | EUR | 0,00 |
| Global Environment Fund (GEF)** | EUR | 1.166.200,00 |
| International Development Association (IDA)** | EUR | 67.866.500,00 |
| Multilateral Investment Guarantee Agency (MIGA)* | USD | 112.104,32 |
| Total : | 79.910.831,32 |
1 EUR = 1,1196 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 | 79.910.831,33 |
| 2025 | 32.031.750,00 | 34.713.415,00 | 77.229.166,33 |
| 2026 | 106.926.750,00 | 33.248.665,00 | 150.907.251,33 |
| 2027 | 101.926.750,00 | 30.410.953,00 | 222.423.048,33 |
| 2028 | 101.926.750,00 | 32.506.657,00 | 291.843.141,33 |
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