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.
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.