ANNOUNCEMENT 11 Jul 2011A new trade finance transaction was announced in July 2011.
NUMBER OF INTERVENTIONS
Reserve bank of India notification
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 services to finance the development of the Ketende hydro power project.
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 20 October 2011.