ANNOUNCEMENT 06 Jan 2010

A new trade finance transaction was announced in January 2010.

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=5544


Inception date: 04 Mar 2010 | Removal date: open ended
Still in force

Trade finance

On 6 January 2010, the Government of India agreed to provide a loan of USD 50 million to the Government of Zambia for financing goods and services including consultancy services to develop the Itezhi-Tezhi hydro power project.
 
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 4 March 2010.
 

Inception date: 04 Mar 2010 | 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