AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 14 June 2013, the Export Import Banking of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 10 million to the Government of Nicaragua for supplying equipment to develop two electric sub-stations.
As observed from similar previous trade finance loans from India, the Reserve Bank of India will potentially require at least 75% of the contract price for goods and services associated with the project to be sourced from India.
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