Exim Bank's Line of Credit of USD 198.96 million to the Myanma Foreign Trade Bank (MFTB), Myanmar

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..... nmar Export-Import Bank of India (Exim Bank) has entered into an Agreement dated December 11, 2013 with the Myanma Foreign Trade Bank (MFTB), Republic of Union of Myanmar, for making available to the latter, a Line of Credit (LOC) of USD 198.96 million (USD One Hundred and Ninety Eight Million and Nine Hundred and Sixty Thousand) for financing 18 irrigation projects (16 ongoing and 2 rehabilit .....

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..... ate 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 (December 10, 2019) from the execution date of the Credit Agreement in the case of other supply contracts. 3. Shipments under the LOC will have to be declared on EDF/ SDF Forms as per instructions issued by the Reserve Bank from time .....

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..... irections 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, (A. K. Pandey) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax M .....

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