ANNOUNCEMENT 26 Jul 2010

A new trade finance transaction was announced in July 2010.

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=6650


Inception date: 19 Jul 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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 19 Jul 2011 | Removal date: open ended
Still in force

Trade finance

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.