ANNOUNCEMENT 18 Jan 2013A new trade finance transaction was announced in January 2013.
NUMBER OF INTERVENTIONS
Reserve bank of India notification
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.