ANNOUNCEMENT 09 Nov 2016

On 9 November 2016, the Export-Import Bank of India extended a line of credit to the government of Guyana to finance the purchase of ferry vessels and related equipment.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Press release published on November 9th
"EXIM Bank’s GOI-Supported Sixth Line of credit [LOC] of USD 10 million extended to the Government of co-operative Republic of Guyana"
http://eximbankindia.in/press-releases

2 March 2017 : RBI/2016-17/252 A.P. (DIR Series) Circular No. 39
https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NT2528B7C3D9EDC344A5DB6DA9953E02E9E9E.PDF

Inception date: 02 Mar 2017 | Removal date: open ended
Still in force

Trade finance

The Line of Credit of between the Indian EXIM bank and the government of Guyana has a value of USD 10 million. It  has been provided to finance the construction and supply of passenger-cargo ferry vessel and associated equipment. 

 

The credit agreement for this Line of Credit is effective from 2 March 2017 and requires that Guyana source at least 75% of the contract price for goods and services associated with the project from India. 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A