AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Indian Export Import Bank has extended a Line of Credit of USD 31.29 million to the Republic of Nicaragua for financing the development of tranmission lines and substations project. The bank had earlier provided financing to Nicaragua for the latter's electric transmission and substations projects in 2013 and 2015 as well.
The credit agreement for this Line of Credit requires that Nicaragua source at least 75% of the contract price of goods and services associated with the project from India.
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