Global Trade Alert
Global Trade Alert

India: Loan to EBID Bank to finance infrastructure/development projects with the condition to source inputs from India

Announcement

09 Nov 2010

A new trade finance transaction was announced in November 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

21 Feb 2011

Revocation date:

No revocation date

Trade finance In force

On 9 November 2010, the Government of India agreed to provide a loan of USD 100 million to the ECOWAS Bank for Investment and Development (EBID) for financing machinery, equipment, goods and services ...

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Local value added incentive In force

According to the terms of the agreement, at least 75-85% of the value of the goods and services used for these projects must be sourced from India.

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