ANNOUNCEMENT 22 Mar 2010A new trade finance transaction was announced in March 2010.
NUMBER OF INTERVENTIONS
Reserve Bank of India notification
On 22 March 2010, the Government of India agreed to provide a loan of USD 5.763 million to the Government of Suriname for financinggoods and services including consultancy services for the purchase of helicopters from Hindustan Aeronautics Limited (HAL), India.
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 28 July, 2010.