ANNOUNCEMENT 11 Mar 2016In March 2016, the government of India announced a change in its trade finance instruments.
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EXIM Bank official press release
On 11 March 2016, the Export Import Bank of India (EXIM) signed 3 Buyer's Credit Agreements under the National Export Insurance Account (NEIA) totalling USD 403.01 million with the National Water Supply and Drainage Board (NWDSB), Sri Lanka. The credit will be used for financing projects in the water sector in Sri Lanka. The Buyer's Credit under NEIA is a non-recourse financing provided to promote and support Indian exports in new markets.