ANNOUNCEMENT 31 Mar 2010A new trade finance transaction was announced in March 2010.
NUMBER OF INTERVENTIONS
Reserve Bank of India notification
On 31 March 2010, the Government of India agreed to provide a loan of USD 30 million to the Government of Cote d'Ivoire for financing the purchase of goods and services including machinery, equipment and consultancy services for the development of the Rice Production Programme in Cote d'Ivoire.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods associated with the project is sourced from India.
The credit agreement came into force on 26 November 2010.