AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
One of these beneficiaries was Mongolian Oyu Tolgoi, which was offered a loan worth AUD 206.30 million (USD 153.60 million) for the import of mining equipment and services to Mongolia.
In this context, the Efic noted that: "We continue to provide funding to large-scale projects where Australian SMEs will benefit from export contracts. This year we contributed to financing the expansion of the Oyu Tolgoi gold and copper mine in Mongolia, with a direct loan of US$150 million."
Given that Efic does not provide the exact date that the trade finance deal was signed the most conservative date, i.e. 1 July 2015, was set as the inception date.
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