AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 27 May 2017, the Government of India agreed to provide a loan of USD 500 million to the Government of Mauritius to participate in Redeemable Preference Shares of public sector entities and implement infrastructure or other projects in Mauritius. The financing covers equipment as well as service exports.
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 3 October 2017.
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