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 31.08.2021)
Beneficiary |
Currency |
Circulating amount |
|---|---|---|
| African Development Fund (AfDF)** | EUR | 15.176.728,00 |
| Asian Development Bank (ADB)* | EUR | 0,00 |
| Asian Development Fund (ADF)** | EUR | 0,00 |
| Global Environment Fund (GEF)** | EUR | 4.555.575,00 |
| International Development Association (IDA)** | EUR | 114.277.500,00 |
| Multilateral Investment Guarantee Agency (MIGA)* | USD | 105.614,27 |
| Total : | 134.115.417,27 |
1 EUR = 1,1884 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 |
|---|---|---|---|
2021 |
4.733.729,00 |
32.179.622,26 |
129.055.607,27 |
2022 |
0,00 |
22.768.219,18 |
106.287.388,09 |
2023 |
71.760.000,00 |
28.880.540,86 |
149.166.847,23 |
2024 |
0,00 |
32.345.461,54 |
116.821.385,69 |
2025 |
0,00 |
28.998.471,43 |
87.822.914,27 |