Global Trade Alert
Global Trade Alert

India: Loan to EBID bank to finance development projects with the condition to source inputs from India

Announcement

25 Mar 2018

A Line of Credit has been extended to finance development projects in the ECOWAS region.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

23 May 2018

Revocation date:

No revocation date

Announced: 25 Mar 2018
Trade finance In force
On 25 March 2018, the Export Import Bank of India, on behalf of the Indian Government extended a Line of Credit (LOC) of USD 500,000,000 to the Ecowas Bank for Investment and Development (EBID) to fin...
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Implementation date

25 Mar 2018

Revocation date:

No revocation date

Announced: 25 Mar 2018
Local value added incentive In force
The credit agreement for this line of credit will potentially require that at least 75% of the contract price of goods and services associated with the project is sourced from India.
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