ANNOUNCEMENT 30 Dec 2009A new trade finance transaction was announced in December 2009.
NUMBER OF INTERVENTIONS
Reserve bank of India notification
On 30 December 2009, the Government of India agreed to provide a loan of USD 30 million to the Government of Cote d'Ivoire for financinggoods and services including consultancy services to develop a electricity interconnection project between Cote d'Ivoire and Mali.
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 26 November 2010.