AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 9 March 2016, the Export Import Bank of India (EXIM Bank) with the support of the Indian goverment entered into an agreement with the Government of Bangladesh to provide a Line of Credit of USD 2 billion for development of social and infrastructure projects such as Power, Railways, Road Transportation, Information and Communication Technology, Shipping, Health and Technical Education sectors.
The credit agreement is effective from 27 May 2016 and requires that at least 75% of the contract value of goods and services including consultancy services have to be sourced from India.
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