Exim Bank's Government of India supported Line of Credit (LoC) of USD 161.36 million to the Government of the Republic of Burundi

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..... of the Republic of Burundi Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 02, 2019 with the Government of the Republic of Burundi, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 161.36 million (USD One Hundred Sixty-One Million Three Hundred Sixty Thousand only) for the purpose of construction of a Parliament buildi .....

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..... LoC is effective from March 18, 2020. Under the LoC, the terminal utilization period is 60 months 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 .....

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