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
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"
2 March 2017 : RBI/2016-17/252 A.P. (DIR Series) Circular No. 39
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.