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 31.12.2022)
Beneficiary |
Currency |
Circulating amount |
|---|---|---|
| African Development Fund (AfDF)** | EUR | 12.142.771,00 |
| Asian Development Bank (ADB)* | EUR | 0,00 |
| Asian Development Fund (ADF)** | EUR | 0,00 |
| Global Environment Fund (GEF)** | EUR | 7.924.050,00 |
| International Development Association (IDA)** | EUR | 90.985.000,00 |
| Multilateral Investment Guarantee Agency (MIGA)* | USD | 133.865,19 |
| Total : | 111.185.686,19 |
1 EUR = 1,0666 USD
(*) Called in subscribed capital, not yet cashed in
(**) Resources’ replenishments (donations)
Evolution of the outstanding of Promissory Notes
from 2023 to 2027 (in EUR)
Year |
Scheduled issuances |
Scheduled collections |
Outstanding |
|---|---|---|---|
2023 |
61.210.000,00 |
33.917.740,00 |
138.477.946,19 |
2024 |
0,00 |
31.599.662,00 |
106.878.284,19 |
2025 |
0,00 |
29.974.872,00 |
76.903.412,19 |
2026 |
0,00 |
22.357.920,00 |
54.545.492,19 |
2027 |
0,00 |
18.390.091,0 |
36.155.401,19 |