ANNOUNCEMENT 24 May 2017

The Export-Import Bank of India has entered into a loan agreement with the Government of Rwanda.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

RBI Circular - RBI/2017-18/93 A.P. (DIR Series) Circular No. 13
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=11168&Mode=0

Inception date: 01 Nov 2017 | Removal date: open ended
Still in force

Trade finance

On 24 May 2017, the Government of India agreed to provide a loan of USD 81 million to the Government of Rwanda to finance the development of ten vocational training centers and four business incubation centers.

The credit is provided by the Export-Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the projects is sourced from India. The credit agreement entered into force on 1 November 2017.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 01 Nov 2017 | Removal date: open ended
Still in force

Local sourcing

The credit for this transaction is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced from India.

 
N/A
 
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