ANNOUNCEMENT 19 Mar 2012A new trade finance transaction was announced in March 2012.
NUMBER OF INTERVENTIONS
On 19 March 2012, the Government of India agreed to provide a loan of USD 20 million to the Government of the Central African Republic for financing machinery, equipment, goods and services to develop a mining project.
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 project is sourced from India.
The credit agreement came into force on 22 August 2012.