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<h1>Exim Bank India Sets $36M Credit Line for Mali-Ivory Coast Project; 85% Sourcing from India Required.</h1> Exim Bank of India has established a USD 36 million Line of Credit (LOC) with the Government of the Republic of Mali to finance goods, machinery, equipment, and services from India for the Mali-Ivory Coast Interconnection Link project. The agreement, effective from January 18, 2010, requires 85% of the contract value to be sourced from India. The LOC allows for Letters of Credit and disbursement within 48 to 72 months, depending on the contract type. No agency commission is payable under this LOC, and compliance with the Foreign Exchange Management Act is required.