Announcement
08 Sep 2016
The Export Import Banking of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 31.29 million to the Government of Nicaragua for supplying equipment to finance development of the transmission lines and substation project.
The credit agreement for this Line of Credit is effective from 30 March 2017.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
30 Mar 2017
Revocation date:
No revocation date
Updated: 08 Sep 2016
Local value added incentive
In force
The credit agreement for this Line of Credit requires that Nicaragua source at least 75% of the contract price of goods and services associated with the project from India.
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Updated: 08 Sep 2016
Trade finance
In force
The Indian Export Import Bank has extended a Line of Credit of USD 31.29 million to the Republic of Nicaragua for financing the development of tranmission lines and substations project. The b...
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