ANNOUNCEMENT 20 Jun 2014

A new trade finance transaction was announced in June 2014.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Official notification

http://rbi.org.in/scripts/NotificationUser.aspx?Id=9251&Mode=0


Inception date: 21 Aug 2014 | Removal date: open ended

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: 21 Aug 2014 | Removal date: open ended

Trade finance

 On 20 June 2014, the Government of India agreed to provide a loan of USD 30 million to the Government of Togo for financing machinery, equipment, goods and services to finance rural electrification projects in 150 localities in Togo.

The credit 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.

The credit agreement came into force on 21 August 2014.

 
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