ANNOUNCEMENT 30 Dec 2009

A new trade finance transaction was announced in December 2009.

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=6198


Inception date: 26 Nov 2010 | 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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 26 Nov 2010 | Removal date: open ended
Still in force

Trade finance

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.