ANNOUNCEMENT 20 Apr 2009

A new trade finance transaction was announced in April 2009.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Reserve bank of India notification

http://rbi.org.in/Scripts/NotificationUser.aspx?Mode=0&Id=5037


Inception date: 24 May 2009 | Removal date: open ended
Still in force

Trade finance

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.

 

Inception date: 24 May 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