ANNOUNCEMENT 15 Jan 2014A new trade finance transaction was announced in January 2014.
NUMBER OF INTERVENTIONS
On 15 January 2014, the Government of India agreed to provide a loan of USD 26.50 million to the Government of Honduras for financing machinery, equipment, goods and services for the development of agriculture and irrigation infrastructure in the Jamastran Valley in Honduras.
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 13 August 2014.