ANNOUNCEMENT 09 Sep 2015A new trade finance transaction was announced in September 2015.
NUMBER OF INTERVENTIONS
Press release of the Export Import Bank of India
On 9 September 2015, the Export Import Bank of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 35 million to the Government of the Republic of Guinea for construction and upgradation of Regional Hospitals at Kankan and Nzerekore in Guinea
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.
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.