ANNOUNCEMENT 19 Oct 2009

A new trade finance transaction was announced in October 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=5526


Inception date: 16 Feb 2010 | Removal date: open ended
Still in force

Trade finance

On 19 October 2009, the Government of India agreed to provide a loan of USD 15 million to the Government of Benin for financing goods and services including consultancy services for:
(a) the purchase of railway equipment,
(b) the purchase of agricultural equipmentand,
(c) conducting a feasibility study for setting up a cyber city in Benin.

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 16 February 2010.
 
 
 
 

Inception date: 16 Feb 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