Exim Bank's Line of Credit of USD 25 million to the Government of the Democratic Republic of Congo
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....ndia (Exim Bank) has concluded an Agreement dated August 27, 2009 with the Government of the Democratic Republic of Congo making available to the latter, a Line of Credit (LOC) of USD 25 million (USD twenty five million) for financing eligible goods, machinery, equipment and services including consultancy services from India for the purpose of installation of hand pumps and submersible pumps in th....
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....9. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in case of project exports and 72 months (August 26, 2015) from the execution date of the Credit Agreement in case of supply contracts. 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issued by Reserve Ba....


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