AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 19 July 2017, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 17.5 million to the Government of Guyana for the upgradation of three hospitals in Guyana.
As per the the Reserve Bank of India's Circular "RBI/2018-19/19 A.P. (DIR Series) Circular No. 3" dated 12 July 2018, at least 75% of the contract price for goods and services associated with the project to be sourced from India.
The Agreement under this Line of Credit is effective from 12 June 2018 and the terminal utilisation date is 60 months from the date of scheduled completion of the project.
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