ANNOUNCEMENT 11 Sep 2013A new trade finance transaction was announced in September 2013.
NUMBER OF INTERVENTIONS
RBI credit agreement - A.P. (DIR Series) Circular No.57 (6 January 2015)
On 11 September 2013, the Export Import Banking of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 144 million to the Government of Liberia for financing goods and services for developing power transmission and distribution projects.
The credit agreement is effective from 19 December 2014 and requires that at least 75% of the contract price for goods and services associated with the project to be sourced from India.