ANNOUNCEMENT 15 Sep 2014

A new trade finance transaction was announced in September 2014.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Official press release
http://www.eximbankindia.in/node/1220

RBI A.P. (DIR Series) Circular No.69 - 2 February 2015
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=9530&Mode=0


Inception date: 01 Jan 2015 | Removal date: open ended
Still in force

Trade finance

On 15 September 2014, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 62.95 million to the Government of Senegal for financing a rice self-sufficiency programme.

The credit agreement is effective from 1 January 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.

AFFECTED SECTORS

 
Inception date: 01 Jan 2015 | 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.
 
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