AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 25 February 2015, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 55 million to the Government of the Republic of Congo for setting up a Greenfield 600 tonnes per day rotary Kiln Cement Plant Project in the country.
The credit agreement for this loan is effective from 8 October 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.
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