ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2023 (Expressed in Eastern Caribbean dollars)

11. Participating governme nts’ advances

Participating government advances measured at amortised cost

2023 $

2022 $

Operating accounts: - Government of Saint Lucia

53,333,962

85,744,510

53,333,962

Total operating accounts

85,744,510

Temporary advances - Government of Antigua and Barbuda

23,000,000 14,603,408

50,290,000 15,662,531

- Government of Saint Vincent and the Grenadines

37,603,408

65,952,531

Interest receivable

155,694

560,775

37,759,102

66,513,306

Total temporary advances

91,093,064

Total participa ting governments’ advances

152,257,816

(75,782)

Less: allowance for impairment losses

(56,006)

91,017,282

Total participating governments’ advances, net

152,201,810

91,017,282

Current

152,201,810

Amounts due from participating governments for temporary advances and operating account overdraft balances are unsecured and accrued interest at rates ranging from 0.0% to 2.0% per annum (2022: 0.0% to 2.0%).

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