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 28.02.2021)

Beneficiary

Currency
of issuance

Circulating amount
(in EUR)

African Development Fund (AfDF)** EUR 16.261.898,00
Asian Development Bank (ADB)* EUR 0,00
Asian Development Fund (ADF)** EUR 8.774.729,00
Global Environment Fund (GEF)** EUR 5.151.850,00
International Development Association (IDA)** EUR 124.872.500,00
Multilateral Investment Guarantee Agency (MIGA)* USD 102.283,43
Total : 155.163.260,43

 

1 EUR = 1,2271 USD
(*) Called in subscribed capital, not yet cashed in
(**) Resources’ replenishments (donations)



Evolution of the outstanding of Promissory Notes
from 2020 to 2025 (in EUR)

Year

Scheduled issuances

Scheduled collections

Outstanding
(as of 31.12)

       

2021

4.733.729

32.219.620,63

129.012.278,06

2022

0,00

22.888.218,99

106.124.059,07

2023

71.760.000,00

28.870.540,86

148.993.518,21

2024

0,00

32.325.461,54

116.688.056,67

2025

0,00

29.978.471,43

87.689.585,25

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