ANNOUNCEMENT 09 Sep 2013A new trade finance transaction was announced in September 2013.
NUMBER OF INTERVENTIONS
On 9 September 2013, the Government of India agreed to provide a loan of USD 30.94 million to the Government of Lao People's Democratic Republic for financing machinery, equipment, goods and services for the construction of storage dams and the development of irrigation systems in Lao.
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 26 November 2013.