Exim Bank s Line of Credit of USD 22.50 million to the Government of the Republic of Gambia

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....c of Gambia Export-Import Bank of India (Exim Bank) has entered into an Agreement dated October 29, 2014 with the Government of the Republic of Gambia for making available to the latter, a Line of Credit (LOC) of USD 22.50 million (USD Twenty two million five hundred thousand) for financing eligible goods, Machinery, equipment and services including consultancy services from India for the purpo....

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....effective from December 26, 2014 and the date of execution of Agreement is October 29, 2014. 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 28, 2020) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments un....