ANNOUNCEMENT 20 Sep 2012A new trade finance transaction was announced in September 2012.
NUMBER OF INTERVENTIONS
On 20 September 2012, the Government of India agreed to provide a loan of USD 250 million to the Government of the Republic of Mozambique for financing goods and services to improve the quality of power supply in Mozambique.
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 is effective from 26 December 2012.