Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of the Republic of Kenya

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..... nment of the Republic of Kenya Export-Import Bank of India (Exim Bank) has entered into an agreement dated January 11, 2017 with the Government of the Republic of Kenya for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 100 million (USD One Hundred million only) for agricultural mechanization project in Kenya. Under the arrangement, financing export .....

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..... completion date of the project. 3. Shipments under the LoC will have to be declared on Export Declaration Form as per instructions issued by Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the exporter may use its own resources or utilize balances in its Exchange Earners Foreign Currency Account for payment of commissi .....

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