ANNOUNCEMENT 06 May 2009

A new trade finance transaction was announced in May 2009.

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=5289


Inception date: 29 Aug 2009 | Removal date: open ended
Still in force

Trade finance

On 6 May 2009, the Government of India agreed to provide a loan of USD 30 million to the Government of Mozambique for financing machinery, equipment, goods and services for developing rural electrification projects in the provinces of Gaza, Zambezia and Nampula in Mozambique.
 
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 29 August 2009.
 

Inception date: 29 Aug 2009 | 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
 
N/A