ANNOUNCEMENT 11 Jan 2012In January 2012, the government of India announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
RBI//2014-15/615 A.P. (DIR Series) Circular No.104
On 11 January 2012, the Government of India agreed to provide a loan of USD 100 million to the Government of Mali for financing machine, equipment, goods and services including consultancy services to finance a power transmission project connecting Bamako and Sikasso via Bougouni in Mali.
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 17 April 2015.