AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
The trade finance loan has a value of USD 24.54 million and supports a sugarcane development and irrigation project in Ghana. It is provided by the Export-Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the sugarcane development and irrigation project is sourced from India. The remaining 25% may be sourced from elsewhere. This measure disadvantages other sellers of the same products to Ghana.
The credit agreement is effective from 07 July 2017.
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