ECCB 2023-2024 Annual Report
Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2024 (Expressed in Eastern Caribbean dollars)
11. Participating governments’ advances Participating government advances measured at amortised cost
2024 $
2023 $
Operating accounts: - Government of Saint Lucia
5,737,350
85,744,510
24,741
Interest receivable
-
Total operating accounts
5,762,091
85,744,510
Temporary advances - Government of Antigua and Barbuda
43,500,000 12,303,312
50,290,000 15,662,531
- Government of Saint Vincent and the Grenadines
55,803,312
65,952,531
432,594
Interest receivable
560,775
56,235,906
66,513,306
Total temporary advances
Total participating governments’ advances
61,997,997
152,257,816
Less: allowance for impairment losses
(51,452)
(56,006)
Total participating governments’ advances, net
61,946,545
152,201,810
Current
61,946,545
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 2.0% to 3.0% per annum (2023: 0.0% to 2.0%).
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