AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 11 December 2013, the Government of India agreed to provide a Line of Credit of USD 198.96 million to the Myanmar Foreign Trade Bank for financing development of 18 irrigation projects in Myanmar.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 50% of the contract price for goods and services associated with the project is sourced from India.
The credit agreement came into force on 26 February 2015.
An additional loan of USD 155 million for financing railway projects was also agreed on, on the same date (see related measure).
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