ANNOUNCEMENT 27 Aug 2009A new trade finance transaction was announced in August 2009.
NUMBER OF INTERVENTIONS
Reserve Bank of India
On 27 August 2009, the Government of India agreed to provide a loan of USD 25 million to the Government of Democratic Republic of Congo for financingmachinery, equipment, goods and services including consultancy services to install hand pumps and submersible pumps.
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 20 January 2010.