Exim Bank's Line of Credit of USD 120.05 million to the Government of the Republic of Rwanda

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..... xport-Import Bank of India (Exim Bank) has entered into an Agreement dated October 26, 2013 with the Government of the Republic of Rwanda for making available to the latter, a Line of Credit (LOC) of USD 120.05 million (USD One Hundred and Twenty million and fifty thousand) for financing [i] Export Targeted Modern Irrigated Agricultural Project (USD 60.22 million); and [ii] Extension of Export Tar .....

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..... the date of execution of Agreement is October 26, 2013. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date of contract in the case of project exports and 72 months (October 25, 2019) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be declared .....

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..... ffe Parade, Mumbai 400 005 or log on to www.eximbankindia.in. 6. The Directions contained in 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, (C. D. Srinivasan) Chief General Manager - .....

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