Global Trade Alert
Global Trade Alert

India: Loan to Nepal to finance post-earthquake reconstruction projects with a condition to source inputs from India

Announcement

16 Sep 2016

On 16 September 2016, the Export Import Bank of India extended a line of credit of USD 750 million to the Government of Nepal for financing post-earthquake reconstruction projects.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Feb 2017

Revocation date:

No revocation date

Last action: 16 Sep 2016
Local value added incentive In force
Under the credit agreement for the Line of Credit signed on 16 September 2016, at least 75% of the contract price of the goods and services associated with the project must be sourced from India. This...
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Last action: 16 Sep 2016
Trade finance In force
The Line of Credit of USD 750 million will be used for financing post-earthquake construction projects in Nepal. The loan is issued to promote exports of Indian goods to Nepal as per the agreement. Th...
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