ANNOUNCEMENT 11 Jan 2012

A new trade finance transaction was announced in January 2012.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



RBI A.P. (DIR Series) Circular No.104 - 28 may 2015
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=9746&Mode=0


Inception date: 17 Apr 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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 17 Apr 2015 | Removal date: open ended
Still in force

Trade finance

 On 11 January 2012, the Government of India agreed to provide a loan of USD 100 million to the Government of Mali for financing goods and services for an 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 plant is sourced from India.

The credit agreement entered into force on 17 April 2015.