ANNOUNCEMENT 22 May 2014A new trade finance transaction was announced in May 2014.
NUMBER OF INTERVENTIONS
RBI A.P. (DIR Series) Circular No.66 - 27 January 2015
On 22 May 2014, the Export Import Banking of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 100 million to the Government of Nigeria for financing goods and services for financing three projects:
The credit agreement is effective from 31 December 2014 and requires at least 75% of the contract price for goods and services associated with the project to be sourced from India.