AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 19 October 2009, the Government of India agreed to provide a loan of USD 15 million to the Government of Benin for financing goods and services including consultancy services for:
(a) the purchase of railway equipment,
(b) the purchase of agricultural equipmentand,
(c) conducting a feasibility study for setting up a cyber city in Benin.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods and services associated with the project is sourced from India.
The credit agreement came into force on 16 February 2010.
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