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 30.06.2024
Beneficiary | currency of issuance | circulating amount |
---|---|---|
African Development Fund (AfDF)** | EUR | 12.096.633,00 |
Asian Development Bank (ADB)* | EUR | 0,00 |
Asian Development Fund (ADF)** | EUR | 0,00 |
Global Environment Fund (GEF)** | EUR | 1.475.600,00 |
International Development Association (IDA)** | EUR | 82.827.500,00 |
Multilateral Investment Guarantee Agency (MIGA)* | USD | 117.246,15 |
Total : | 96.516.979,15 |
1 EUR = 1,0705 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 | 79.915.973,15 |
2025 | 32.031.750,00 | 34.713.415,00 | 77.234.308,15 |
2026 | 1.426.750,00 | 23.128.365,00 | 55.532.693,15 |
2027 | 1.426.750,00 | 19.337.453,00 | 37.621.990,15 |
2028 | 1.426.750,00 | 16.131.557,00 | 22.917.183,15 |
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