ANNOUNCEMENT 25 Nov 2014

A new trade finance transaction was announced in November 2014.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



India EXIM bank Press Release

http://www.eximbankindia.in/node/1278


Inception date: 25 Nov 2014 | Removal date: open ended
Still in force

Trade finance

 On 25 November 2014, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 1 billion the Government of Nepal for financing hydropower, infrastructure and irrigation projects in Nepal.

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.

Inception date: 25 Nov 2014 | 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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