Global Trade Alert
Global Trade Alert

India: Loan to Congo to finance solar power projects with the condition to source inputs from India

Announcement

17 Mar 2019

India extended funding to the Democratic Republic of Congo for solar power projects.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Mar 2019

Revocation date:

No revocation date

Updated: 17 Mar 2019
Local value added incentive In force

The credit agreement for this line of credit will potentially require that DR Congo source at least 75% of the contract price of goods and services associated with the project from India.

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Updated: 17 Mar 2019
Trade finance In force

On 17 March 2019, the Export-Import Bank of India (EXIM Bank), on behalf of the Government of India, extended a Line of Credit of USD 83.11 million to the Government of the Democratic Republic...

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