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Appendix
Beginning Balance Increase in
long-term loans
Collection of
long-term loans Ending Balance Collection Term
Information Technology School Project $ 122,738,048 $ -
$ 3,835,977 $ 118,902,071 Sep. 2014 ~
Mar. 2031
Microcredit project in St. Vincent and
the Grenadines Second Phase
6,112,500
-
2,445,000
3,667,500 Nov. 2012 ~
May. 2016
Microcredit project in St. Kitts & Nevis
Second Phase
8,092,500
-
3,237,000
4,855,500 Sep. 2012 ~
Mar. 2016
Technical and Vocational Education
and Training project in the Gambia
58,552,716
-
-
58,552,716 Jan. 2016 ~
Jul. 2031
Small Farmholders Loan Project in
Belize for Export Papaya Production
6,751,950
-
-
6,751,950 Jan. 2016
CABEI's Special Fund for the Social
Transformation of Central America
161,414,054
- 10,088,378
151,325,676 May. 2012 ~
Nov. 2029
CABEI SMME Re-lending Project--
Phase II
291,873,993
- 41,957,144
249,916,849 Jan. 2014 ~
Jul. 2020
CABEI's Special Fund for the Social
Transformation of Central America
Phase II
98,354,275
-
2,732,063
95,622,212 Nov. 2014 ~
May. 2032
TaiwanICDF-CABEI Technological and
Vocational Education and Training
Student Loan Fund
22,349,977 17,234,114
-
39,584,091 Jan. 2015 ~
Jul. 2024
FINCORP MSME Re-lending Project
118,680,000 89,595,000 11,868,000
196,407,000 Jul. 2014 ~
Jan. 2019
Repair and Upgrade of Bonriki
International Airport (Kiribati)
- 79,272,219
-
79,272,219 Sep. 2021 ~
Mar. 2044
The Green Energy Special Fund
863,096,479
-
-
863,096,479
The period
depends on the
sub-project.
4,317,078,492 $ 186,101,333 $ 711,420,930 3,791,758,895
Less: Allowance for doubtful accounts ( 110,865,361 )
( 105,948,823 )
$ 4,206,213,131
$ 3,685,810,072
Note: Although the MOFA agreed to pay off the remaining balance annually for 3 years beginning 2012 on December 13,
2012, payments of only US$3,293,162.77 and US$400,000 were made in years 2012 and 2013, respectively. There
were no payments made by MOFA for year 2014. The MOFA stated in a letter dated on April 16, 2014 that installments
will resume starting from 2015 through annual budgets, and a payment of US$500,000 has been allocated in the
2015 annual budget. As of December 31, 2014, the MOFA had repaid US$5,793,162.77 and the remaining balance is
US$5,210,325.55.