banking

Foreign exchange reserves up by 18.8% in 2020 compared to 2019 (BCT)

April 21, 2021

(TAP) - The foreign exchange reserves rose by 3,707.7 MD to 23,430.1 MD at the end of 2020, from 19,722.4 MD a year earlier, i.e an increase of 18.8%, according to the financial statements of the BCT for the financial year 2020.

This increase is mainly attributable to the large external resources mobilised during the year 2020.

The main drawings in 2020 are as follows

- 371.4 million relating to the International Monetary Fund (IMF) credit under the rapid financing instrument (RFI) of 30 March 2020, released on 15 April 2020;

- 341.8 million relating to the IMF Rapid Financing Instrument (RFI) credit of 10 April 2020, released on 16 April 2020;

- 180 million African Development Bank (AfDB) loan under the support programme for the response to COVID-19 'PARISE', released on November 27, 2020;

- 161 million International Bank for Reconstruction and Development (IBRD) loan under the Resilience and Recovery Development Policy Support Programme, released on 9 December 2020;

- 100 million KFW loan under the water sector reform programme, released on 28 July 2020;

- 59 million under the FMA loan of CAD 14.381 million under the automatic credit VII of May20, 2020, released on June 3, 2020;

- 58.9 million under the FMA loan of CAD 23.986 million under the Structural Adjustment Facility VII of May 29, 2020, released on June 5, 2020;

- 50 million representing the second tranche of the AFD loan of 100 million euros of 31 January 2018 under the public enterprise governance programme, released on June 4, 2020.

400 million bond issue of June 22, 2005, in June 2020 and the second tranche of the Qatari private placement of $1 billion for an amount equal to $250 million, in April 2020.

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