ANNOUNCEMENT 30 Mar 2011A new trade finance transaction was announced in March 2011.
NUMBER OF INTERVENTIONS
Reserve bank of India notification
On 30 March 2011, the Government of India agreed to provide a loan of USD 20 million to the Government of Swaziland for financing purchase of goods and services, including consultancy services to develop an Information Technology Park in Swaziland.
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 6 July 2011.