Global Trade Alert
Global Trade Alert

India: Loan to DR Congo to develop the Ketende hydroelectric project with the condition to source inputs from India

Announcement

11 Jul 2011

A new trade finance transaction was announced in July 2011.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

20 Oct 2011

Revocation date:

No revocation date

Trade finance In force

On 11 July 2011, the Government of India agreed to provide a loan of USD 168 million to the Government of the Democratic Republic of Congo for financinggoods and services including consultancy service...

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Local value added incentive In force

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...

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