ANNOUNCEMENT 28 Mar 2011

A new trade finance transaction was announced in March 2011.

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=6623


Inception date: 02 Jun 2011 | Removal date: open ended
Still in force

Trade finance

On 28 March 2011, the Government of India agreed to provide a loan of USD 20 million to the Government of Moambique for financing machinery, equipment, goods and services for enhancing productivity of rice-wheat-maize cultivation in Mozambique.
 
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 2 June 2011.
 

AFFECTED SECTORS

 
Inception date: 02 Jun 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.
 
N/A
 
N/A