Global Trade Alert
Global Trade Alert

India: Line of credit to Sri Lanka for the purchase of Indian urea

Announcement

10 Jun 2022

The Indian government will provide a financing of USD 55 million to Sri Lanka to purchase urea from India.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

20 Jun 2022

Revocation date:

No revocation date

Updated: 10 Jun 2022
Local value added incentive In force

On 10 June 2022, the Exim Bank of India extended a USD 55 million line of credit to the government of Sri Lanka. The funds will be used by Sri Lanka for the purchase of urea fertilizer from India.<...

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Updated: 10 Jun 2022
Trade finance In force

On 10 June 2022, the Exim Bank of India, on behalf of the Indian government, extended a USD 55 million line of credit (LOC) to the government of Sri Lanka for the purchase of urea from India.

...
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