ANNOUNCEMENT 19 Oct 2012A new trade finance transaction was announced in October 2012.
NUMBER OF INTERVENTIONS
On 19 October 2012, the Government of India agreed to provide a loan of USD 16.88 million to the Government of the Republic of Gambia for financing goods and services to complete the construction of the national assembly building complex in Gambia.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 65% of the contract price for goods and services associated with the plant is sourced from India.
The credit agreement came into force on 4 December 2012.