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 31.12.2021)
Beneficiary |
Currency |
Circulating amount |
|---|---|---|
| African Development Fund (AfDF)** | EUR | 14.634.143,00 |
| Asian Development Bank (ADB)* | EUR | 0,00 |
| Asian Development Fund (ADF)** | EUR | 0,00 |
| Global Environment Fund (GEF)** | EUR | 4.250.850,00 |
| International Development Association (IDA)** | EUR | 110.065.000,00 |
| Multilateral Investment Guarantee Agency (MIGA)* | USD | 110.817,59 |
| Total : | 129.060.810,59 |
1 EUR = 1,1884 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 |
0,00 |
22.768.219,18 |
106.292.591,41 |
2023 |
71.760.000,00 |
28.880.540,86 |
149.172.050,55 |
2024 |
0,00 |
32.345.461,54 |
116.826.589,01 |
2025 |
0,00 |
28.998.471,43 |
87.828.117,59 |
2026 |
0,00 |
22.126.920,99 |
65.701.196,60 |