ANNOUNCEMENT 24 May 2017
The Export-Import Bank of India has entered into a loan agreement with the Government of Rwanda.
NUMBER OF INTERVENTIONS
RBI Circular - RBI/2017-18/93 A.P. (DIR Series) Circular No. 13
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.
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.