ANNOUNCEMENT 20 Apr 2009
A new trade finance transaction was announced in April 2009.NUMBER OF INTERVENTIONS
2
SOURCE
Reserve bank of India notification
http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=5037
On 20 April 2009, the Government of India agreed to provide a loan of USD 37.65 million to the Government of Cameroon for financing machinery, equipment, goods and services for the following projects:
- Maize Farm Plantation Project (US $ 18.77 million)
- Rice Farm Plantation Project (US $ 18.88 million)
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 29 May 2009.