IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Nov 2017 | Removal date: open ended
Still in force

Trade finance

On 24 May 2017, the Government of India agreed to provide a loan of USD 81 million to the Government of Rwanda to finance the development of ten vocational training centers and four business incubation centers.

The credit 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 projects is sourced from India. The credit agreement entered into force on 1 November 2017.

AFFECTED COUNTRIES

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