ANNOUNCEMENT 19 Jun 2015

A new trade finance transaction was announced in June 2015.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Press release of the Export Import Bank of India
http://www.eximbankindia.in/node/1368


Inception date: 07 Oct 2015 | Removal date: open ended

Trade finance

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.

AFFECTED SECTORS

 
Inception date: 07 Oct 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.
 
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