ANNOUNCEMENT 25 Feb 2009A new trade finance transaction was announced in February 2009.
NUMBER OF INTERVENTIONS
Reserve Bank of India notification
On 25 February 2009, the Government of India agreed to provide a loan of USD 4.3 million to the Government of Suriname for financing the purchase of ten crash fire tenders.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods associated with the project is sourced from India.
The credit agreement came into force on 25 March 2009.