Global Trade Alert
Global Trade Alert

India: Loan to DR Congo to develop the Kakobola hydroelectric project with the condition to source inputs from India

Announcement

05 Aug 2010

A new trade finance transaction was announced in August 2010.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

19 Nov 2010

Revocation date:

No revocation date

Local value added incentive In force

The credit for this transaction is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the project is sourced...

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Trade finance In force

On 5 August 2010, the Government of India agreed to provide a loan of USD 42 million to the Government of the Democratic Republic of Congo for financinggoods and services including consultancy service...

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