Global Trade Alert
Global Trade Alert

India: Loan to Myanmar to finance irrigation projects with the condition to source inputs from India

Announcement

11 Dec 2013

A new trade finance transaction was announced in December 2013.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

26 Feb 2015

Revocation date:

No revocation date

Updated: 11 Dec 2013
Trade finance In force
On 11 December 2013, the Government of India agreed to provide a Line of Credit of USD 198.96 million to the Myanmar Foreign Trade Bank for financing development of 18 irrigation projects in Myanmar....
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Updated: 11 Dec 2013
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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