Exim Bank's Line of Credit of USD 120.05 million to the Government of the Republic of Rwanda

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....epublic of Rwanda Export-Import Bank of India (Exim Bank) has entered into an Agreement dated October 26, 2013 with the Government of the Republic of Rwanda for making available to the latter, a Line of Credit (LOC) of USD 120.05 million (USD One Hundred and Twenty million and fifty thousand) for financing [i] Export Targeted Modern Irrigated Agricultural Project (USD 60.22 million); and [ii] E....

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.... December 2, 2014 and the date of execution of Agreement is October 26, 2013. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date of contract in the case of project exports and 72 months (October 25, 2019) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC wil....