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Exim Bank's GoI supported Line of Credit of USD 34.50 million to the Government of the Democratic Republic of Congo

Exim Bank s GoI supported Line of Credit of USD 34.50 million to the Government of the Democratic Republic of Congo - FEMA - 37 - Dated:- 17-12-2015 - RBI/2015-16/271 A.P. (DIR Series) Circular No. 37 December 17, 2015 To All Category - I Authorised .....

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ment of the Democratic Republic of Congo, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 34.50 million (USD Thirty four million and five hundred thousand) for financing development of power distributio .....

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e Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, the goods and services including consultancy services of the value o .....

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he credit agreement under the LOC is effective from November 27, 2015. 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 from .....

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le under the above LOC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners Foreign Currency Account for payment of commission in free foreign exchange. Authorised Dealer Category- l (AD Category-l .....

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