ANNOUNCEMENT 22 Feb 2013

A new trade finance transaction was announced in February 2013.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Reserve Bank of India notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=8314


Inception date: 23 Jul 2013 | Removal date: open ended

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 23 Jul 2013 | Removal date: open ended

Trade finance

On 22 February 2013, the Government of India agreed to provide a loan of USD 41.60 million to the Government of the Union of Comoros for financing goods and services for the installation of a power project in Moroni, the capital of Comoros.
 
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 plant is sourced from India.
The credit agreement entered into force on 23 July 2013.
 

 
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