ANNOUNCEMENT 02 Dec 2008A new trade finance transaction was announced in December 2008.
NUMBER OF INTERVENTIONS
Reserve bank of India notification
On 2 December 2008, the Government of India agreed to provide a loan of USD 25 million to the Government of Mozambique for financing machinery, equipment, goods and services to develop an IT park project.
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 13 April 2009.