ANNOUNCEMENT 14 Mar 2014A new trade finance transaction was announced in March 2014.
NUMBER OF INTERVENTIONS
EXIM press release
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.