ANNOUNCEMENT 19 Jan 2012A new trade finance transaction was announced in January 2012.
NUMBER OF INTERVENTIONS
On 19 January 2012, the Government of India agreed to provide a loan of USD 40.32 million to the Government of the Republic of Chad for financing machinery, equipment, goods and services for developing four projects:
(i) Compost Production Unit (USD 7.20mn),
(ii) Rural Electrification (solar energy) (USD 15 mn),
(iii) Production Unit of Live Stock Feed (USD 2.22 mn) and
(iv) Extension of Spinning Mill (addition of weaving and processing capacities) (USD 15.90 mn) in Chad.
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 projects is sourced from India.
The credit agreement came into force on 26 July 2012.