ANNOUNCEMENT 26 Jul 2010A new trade finance transaction was announced in July 2010.
NUMBER OF INTERVENTIONS
Reserve bank of India notification
On 26 July 2010, the Government of India agreed to provide a loan of USD 4 million to the Government of Guyana for financing machinery, equipment, goods and services for acquiring, commissioning and installing fixed and mobile irrigation pumps.
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 19 July 2011.