ANNOUNCEMENT 26 Jan 2009A new trade finance transaction was announced in January 2009.
NUMBER OF INTERVENTIONS
Reserve bank of india notification
26 January 2009
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.