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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Exim Bank Establishes $30M Credit Line for Mozambique's Rural Electrification; 85% of Goods to be Sourced from India.</h1> Export-Import Bank of India (Exim Bank) has established a USD 30 million Line of Credit (LOC) with the Government of Mozambique for financing rural electrification projects in Gaza, Zambezia, and Nampula. Under the agreement, at least 85% of the goods and services, including consultancy, must be sourced from India, with the remaining 15% potentially sourced from outside India. The LOC became effective on August 26, 2009, with a deadline for Letters of Credit and disbursement set for up to 72 months from May 6, 2009. No agency commission is payable, but exporters can use their resources for commission payments.
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