AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 4 October 2017, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a Line of Credit of USD 4.5 billion to the Government of Bangladesh to finance development projects. According to several news this funding will be utilized for development of power transmission and evacuation facilities, roadways, rail-lines, airports, economic zones, power transmission networks, seaports etc.
Further, as observed in similar previous LOCs and mentioned in the news reports, India will potentially require at least 75% of the contract price for goods and services associated with the project to be sourced from India in case of service-oriented projects and 65% in case of public-works projects.
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