Exim Bank's Government of India supported Line of Credit of USD 66.60 million to the Government of the Republic of Rwanda

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..... Government of the Republic of Rwanda Export-Import Bank of India (Exim Bank) has entered into an agreement dated May 15, 2018 with the Government of the Republic of Rwanda for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 66.60 million (USD Sixty Six Million and Six Hundred Thousand Only) for the purpose of financing the Base-Butaro-Kidaho Road Pro .....

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..... onths after the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issued by the 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 his own resources or utilize balances in his Exchange Earners Foreign Currency Account .....

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