ANNOUNCEMENT 24 May 2011

A new trade finance transaction was announced in May 2011.

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=7173


Inception date: 09 Apr 2012 | Removal date: open ended

Trade finance

On 24 May 2011, the Government of India agreed to provide a loan of USD 80 million to the Government of Burundi for financing machinery, equipment, goods and services including consultancy services to develop the Kabu hydroelectric project in Burundi.
 
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 9 April 2012. 
 
 
 
 

AFFECTED SECTORS

 
371 372 412 433 461 462 464 469 471 482

AFFECTED PRODUCTS

 
730511 730512 730519 848310 848320 848330 848340 848350 848360 848390 850110 850131 850132 850140 850151 850152 850153 850161 850162 850164 850211 850212 850213 850220 850231 850239 850240 850300 850410 850421 850422 850423 850431 850432 850433 850434 850440 850450 850490 850511 850519 850590 850680 850710 850720 850730 850780 850790 853210 853221 853223 853224 853225 853229 853290 853310 853321 853340 853400 853510 853521 853529 853530 853540 853590 853610 853620 853630 853641 853649 853650 853661 853669 853670 853690 853710 853720 853810 853890 854231 854232 854233 854239 854290 854330 854370 854390 854511 854519 854520 854590 854610 854620 854690 902830 902890
(+ 86 more)
Inception date: 09 Apr 2012 | Removal date: open ended

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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