ANNOUNCEMENT 12 Aug 2011

A new trade finance transaction was announced in August 2011.

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=6899


Inception date: 25 Oct 2011 | Removal date: open ended
Still in force

Trade finance

On 12 August 2011, the Government of India agreed to provide a loan of USD 40 million to the Government of Maldives for financinggoods and services including consultancy services to finance the construction of 500 housing units in Maldives.
 
The credit 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. 
 
The credit agreement came into force on 25 October 2011.

Inception date: 25 Oct 2011 | 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
 
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