ANNOUNCEMENT 02 Dec 2008

A new trade finance transaction was announced in December 2008.

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=4977


Inception date: 13 Apr 2009 | Removal date: open ended
Still in force

Trade finance

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.

Inception date: 13 Apr 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
 
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