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of <h1>Exim Bank Grants $26.50M Credit to Honduras for Jamastran Valley Agriculture, Requires 75% Indian Sourcing.</h1> Exim Bank has established a Line of Credit (LOC) of USD 26.50 million to the Government of Honduras to finance the development of agriculture and irrigation infrastructure in the Jamastran Valley. The agreement, effective from August 13, 2014, stipulates that at least 75% of goods and services must be sourced from India, with the remainder potentially sourced internationally. The LOC allows for the opening of Letters of Credit and disbursements up to 72 months from the agreement's execution date. No agency commission is payable under this LOC, and relevant banks are instructed to inform exporters to seek full details from Exim Bank.
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