Exim Bank's Line of Credit of USD 25 million to the Government of the Republic of Mozambique

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..... ion to the Government of the Republic of Mozambique Export-Import Bank of India (Exim Bank) has concluded an Agreement dated December 2, 2008 with the Government of the Republic of Mozambique making available to the latter, a Line of Credit (LOC) of USD 25 Million (USD Twenty five million) for financing eligible goods and services including consultancy services from India for IT Park project whic .....

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..... Agreement under the LOC is effective from April 13, 2009 and date of execution of Agreement is December 2, 2008. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in case of project exports and 72 months (December 1, 2014) from the execution date of the Credit Agreement in case of supply contacts. .....

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..... loor 21, World Trade Centre Complex, Cuffe Parade, Mumbai-400 005 or log on to www.eximbankindia.in. 6. The Directions contain this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, Salim Gangadharan Chief General .....

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