ANNOUNCEMENT 14 Oct 2009A new trade finance transaction was announced in October 2009.
NUMBER OF INTERVENTIONS
Reserve Bank of India notification
On 14 October 2009, the Government of India agreed to provide a loan of USD 15 million to the Government of Mali for financingmachinery, equipment, goods and services including consultancy services for financing Agriculture and Food processing projects.
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 18 January 2010.