Exim Bank's Government of India supported Line of Credit (LOC) of USD 23 million to the Republic of Zimbabwe

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..... mport Bank of India (Exim Bank) has entered into an agreement dated April 04, 2019 with the Republic of Zimbabwe for making available to the latter a Government of India supported Line of Credit (LoC) of USD 23 million (USD Twenty Three Million only) for the purpose of financing renovation/upgradation of Bulawayo Thermal Power Plant at the revalidated/escalated project cost, in the Republic of Zim .....

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..... cheduled 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 for payment of commis .....

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