ANNOUNCEMENT 28 May 2009A new trade finance transaction was announced in May 2009.
NUMBER OF INTERVENTIONS
Reserve Bank of India notification
On 28 May 2009, the Government of India agreed to provide a loan of USD 40 million to the Government of the United Republic of Tanzania to finance the imports of tractors, pumps and equipment from india.
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 11 January 2010.