ANNOUNCEMENT 01 Oct 2012A new trade finance transaction was announced in October 2012.
NUMBER OF INTERVENTIONS
The credit agreement requires that at least 75% of the goods and services for this project are sourced from India.
On 1 October 2012, the Government of India agreed to provide a loan of USD 37.90 million to the Government of the Kingdom of Swaziland for financing goods and services to be used for agricultural development and mechanisation in agriculture.
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 came into force on 1 January 2013.