ANNOUNCEMENT 12 Jan 2012A new trade finance transaction was announced in January 2012.
NUMBER OF INTERVENTIONS
On 12 January 2012, the Government of India agreed to provide a loan of USD 13.095 million to the Government of the Republic of Togo for financing goods and services to support farming and cultivation activities of rice, maize and sorghum.
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 27 April 2012.