Global Trade Alert
Global Trade Alert

India: Loan to Nigeria for power projects with a condition to source inputs from India

Announcement

22 May 2014

A new trade finance transaction was announced in May 2014.

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

31 Dec 2014

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 22 May 2014, the Export Import Banking of India (EXIM), at the behest of Government of India, agreed to provide a loan of USD 100 million to the Government of Nigeria for financing goods and servic...

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