ANNOUNCEMENT 09 Mar 2015A new trade finance transaction was announced in March 2015.
NUMBER OF INTERVENTIONS
RBI A.P. (DIR Series) Circular No.3 - 9 July 2015
On 9 March 2015, the Government of India agreed to provide a loan of USD 15.13 million to the Government of Mali for financing goods, machinery, equipment and services for developing the Ali Sabieh Cement Project.
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 5 June 2015.