ANNOUNCEMENT 15 Jul 2016A new trade finance transaction was announced in July 2016.
NUMBER OF INTERVENTIONS
Official press release
On 15 July 2016, the Export Import Bank of India (EXIM Bank) financed the purchases of buses by the governemnt of Senegal. On behalf of the Government of India, the EXIM bank extended a Line of Credit of USD 26 million to finance the acquisition of buses.
As is seen from Letters of Credit extended by the EXIM bank in the past, the agreement will require that the recipient country source at least 75% of the contract price for goods and services associated with the project from India.