AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 28 March 2011, the Government of India agreed to provide a loan of USD 20 million to the Government of Moambique for financing machinery, equipment, goods and services for enhancing productivity of rice-wheat-maize cultivation in Mozambique.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced from India.
The credit agreement came into force on 2 June 2011.
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