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 31.05.2022)
Beneficiary |
Currency |
Circulating amount |
|---|---|---|
| African Development Fund (AfDF)** | EUR | 13.388.457,00 |
| Asian Development Bank (ADB)* | EUR | 0,00 |
| Asian Development Fund (ADF)** | EUR | 0,00 |
| Global Environment Fund (GEF)** | EUR | 3.641.400,00 |
| International Development Association (IDA)** | EUR | 100.340.000,00 |
| Multilateral Investment Guarantee Agency (MIGA)* | USD | 113.063,69 |
| Total : | 117.482.920,69 |
1 EUR = 1,1101 USD
(*) Called in subscribed capital, not yet cashed in
(**) Resources’ replenishments (donations)
Evolution of the outstanding of Promissory Notes
from 2022 to 2026 (in EUR)
Year |
Scheduled issuances |
Scheduled collections |
Outstanding |
|---|---|---|---|
2022 |
4.780.000,00 |
27.548.219,18 |
106.292.591,41 |
2023 |
61.210.000,00 |
29.047.740,86 |
138.454.850,55 |
2024 |
0,00 |
31.599.661,54 |
106.855.189,01 |
2025 |
0,00 |
29.974.871,43 |
76.880.317,59 |
2026 |
0,00 |
22.357.920,99 |
54.522.396,60 |