ANNOUNCEMENT 26 Oct 2013

A new trade finance transaction was announced in October 2013.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 26 Oct 2013 | Removal date: open ended
Still in force

Trade finance

 On 26 October 2013, the Government of India agreed to provide a loan of USD 120.05 million to the Government of Rwanda for financing various agricultural projects.

The credit is provided by the Export Import Bank of India (EXIM) and will be used for sourcing goods and services from India. The Bank will reimburse 100% of the contract value to the Indian exporters, upfront upon shipment of goods.

Inception date: 26 Oct 2013 | 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.
 
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