Eastern Caribbean Central Bank 2024-2025 Annual Report

Eastern Caribbean Central Bank Notes to the Financial Statements For the year ended 31 March 2025 (Expressed in Eastern Caribbean dollars)

11. Participating governments’ advances Participating government advances measured at amortised cost

2025 $

2024 $

Operating accounts: - Government of Saint Lucia

65,930,329

5,737,350

263

Interest receivable

24,741

Total operating accounts

65,930,592

5,762,091

Temporary advances - Government of Antigua and Barbuda

28,815,447 14,624,748

43,500,000 12,303,312

- Government of Saint Vincent and the Grenadines

43,440,195

55,803,312

156,436

Interest receivable

432,594

43,596,631

56,235,906

Total temporary advances

Total participating governments’ advances, gross

109,527,223

61,997,997

Less: allowance for impairment losses

(44,706)

(51,452)

Total participating governments’ advances, net

109,482,517

61,946,545

Current

109,482,517

61,946,545

Amounts due from participating governments for temporary advances and operating account overdraft balances are unsecured and accrued interest at rates 3.0% per annum (2024: 2.0% to 3.0%).

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