AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
On 27 January 2018, the Export-Import Bank of India (EXIM Bank), on behalf of the Government of India, extended a Line of Credit of USD 36.92 million to the Government Cambodia for financing the Stung Sva Hab/Slab Water Resource Development.
As per the Reserve Bank of India's Circular "RBI/2018-19/18 A.P. (DIR Series) Circular No.2" at least 75% of the contract price for goods and services associated with the project has to be sourced from India.
The LoC is effective from 12 June 2018 and has a terminal utilisation period of 60 months from the scheduled completion date of the project.
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