ANNOUNCEMENT 12 Oct 2009A new trade finance transaction was announced in October 2009.
NUMBER OF INTERVENTIONS
Reserve bank of India notification
On 12 October 2009, the Government of India agreed to provide a loan of USD 36 million to the Government of Mali for financing machine, equipment, goods and services including consultancy services to finance the completion of the Mali-Ivory Coast Interconnection Link for integrating the national power grids between Ivory Coast and the Republic of Mali.
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.