ANNOUNCEMENT 12 Sep 2013A new trade finance transaction was announced in September 2013.
NUMBER OF INTERVENTIONS
RBI A.P. (DIR Series) Circular No.82 - 9 March 2015
On 12 September 2013, the Export Import Banking of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 34.54 million to the Government of Niger for financing goods and services for developing a Solar Photo-Voltaic project of 5 megawatts.
The credit agreement is effective from 18 February 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.