ANNOUNCEMENT 14 Mar 2014

A new trade finance transaction was announced in March 2014.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



EXIM press release
http://www.eximbankindia.in/node/1089


Inception date: 14 Mar 2014 | 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: 14 Mar 2014 | Removal date: open ended
Still in force

Trade finance

 On 14 March 2014, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 25 million to the Government of Niger for financing goods and services for developing potable water projects in semi-urban and rural communities in Niger.
 
As observed from similar previous trade finance loans from India, the Reserve Bank of India will potentially require at least 75% of the contract price for goods and services associated with the project to be sourced from India.