Department for International Development: Public Expenditure

(asked on 1st July 2020) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, what the planned level of promissory note issuance was to each institution in (a) calendar year 2020 and (b) financial year 2020-21 in the Main Estimates.


Answered by
Wendy Morton Portrait
Wendy Morton
This question was answered on 8th July 2020

DFID uses promissory notes with organisations such as international development banks. A promissory note allows that organisation to commit to an activity in full, in advance of funding being transferred.

DFID’s made no adjustment at Main Estimates 2020-21 to the Net Cash Requirement as a result of Promissory Notes.

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