Global Trade Alert
Global Trade Alert

India: Loan to Madagascar to finance projects for rice productivity and fertiliser production with a condition to source input from India

Announcement

14 Nov 2008

A Line of Credit has been provided to Magadascar to finance two projects, one on rice productivity and the other on fertilizer production.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

14 Dec 2008

Revocation date:

No revocation date

Updated: 14 Nov 2008
Trade finance In force

On 14 November 2008, the Export-Import Bank of India (EXIM Bank), on behalf of the Government of India, extended a Line of Credit of USD 25 million to the Government of Madagascar to finance t...

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Implementation date

04 Dec 2008

Revocation date:

No revocation date

Updated: 14 Nov 2008
Local value added incentive In force

Under the credit agreement for the Line of Credit signed on 4 December 2008, at least 75% of the contract price of goods and services associated with the above project must be sourced from India.

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