ANNOUNCEMENT 19 Jun 2015A new trade finance transaction was announced in June 2015.
NUMBER OF INTERVENTIONS
Press release of the Export Import Bank of India
On 19 June 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 United Republic of Tanzania for extension of the Lake Victoria pipeline to Tabora, Igunga and Nzega in Tanzania.
The credit agreement is effective from 7 October 2015 and requires that at least 75% of the contract price for goods and services associated with the project will be sourced from India.