ANNOUNCEMENT 21 Jun 2013A new trade finance transaction was announced in June 2013.
NUMBER OF INTERVENTIONS
Resever Bank of India notification
On 21 June 2013, the Government of India agreed to provide a loan of USD 28.6 million to the Government of Zimbabwe for financing goods and services used for upgrading the Deka Pumping Station and River Water Intake System.
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 25 July 2013.