ANNOUNCEMENT 09 Mar 2015

A new trade finance transaction was announced in March 2015.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



RBI A.P. (DIR Series) Circular No.3 - 9 July 2015
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=9933&Mode=0


Inception date: 05 Jun 2015 | Removal date: open ended

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: 05 Jun 2015 | Removal date: open ended

Trade finance

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.