ANNOUNCEMENT 26 Jan 2009

A new trade finance transaction was announced in January 2009.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Reserve bank of india notification
26 January 2009
http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=5183


Inception date: 06 Jul 2009 | Removal date: open ended
Still in force

Trade finance

On 26 January 2009, the Government of India agreed to provide a loan of USD 25 million to the Government of Sudan for financing machinery, equipment, goods and services to develop the Elduem Sugar Project at White Nile state in Sudan.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods and services associated with the project is sourced from India. 
 
The credit agreement came into force on 6 July 2009.
 

AFFECTED SECTORS

 
Inception date: 06 Jul 2009 | Removal date: open ended
Still in force

Local sourcing

The credit for this transaction 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.
 
N/A
 
N/A