ANNOUNCEMENT 18 Jan 2013

A new trade finance transaction was announced in January 2013.

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=8458


Inception date: 13 Sep 2013 | Removal date: open ended
Still in force

Trade finance

On 18 January 2013, the Government of India agreed to provide a loan of USD 22.5 million to the Government of Burkina Faso for financing goods, machinery and services including consultancy services for financing a low cost housing and economical buildings' project in Burkina Faso.
 
The credit 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. 
 
The credit agreement came into force on 13 September 2013.
 

Inception date: 13 Sep 2013 | 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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