Global Trade Alert
Global Trade Alert

India: Loan to Africa Finance Corporation with the condition to source inputs from India

Announcement

31 Aug 2021

India has extended a loan to the Africa Finance Corporation for financing infrastructural development with the condition that that goods and services related to the project be sourced from India.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Aug 2021

Revocation date:

No revocation date

Updated: 31 Aug 2021
Local value added incentive In force

On 31 August 2021, the Export-Import Bank of India (EXIM Bank) agreed to provide a Line of Credit (LoC) worth USD 100 million to the African Finance Corporation for infrastructure projects. Accordi...

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Updated: 31 Aug 2021
Trade finance In force

On 31 August 2021, the Export-Import Bank of India (EXIM Bank) agreed to provide a Line of Credit (LoC) worth USD 100 million for a period of 10 years to the African Finance Corporation (AFC). Acco...

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