Exim Bank's GoI supported Line of Credit of USD 34.50 million to the Government of the Democratic Republic of Congo

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....c of Congo Export-Import Bank of India (Exim Bank) has entered into an Agreement dated May 28, 2015 with the Government of the Democratic Republic of Congo, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 34.50 million (USD Thirty four million and five hundred thousand) for financing development of power distribution project in Bandundu Province of ....

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....e 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 from the execution date of the credit agreement in the case of other supply contracts. 3. Shipments under the LOC will have to be declared on EDF/ SDF Forms as per instructions issued by the Reserve Bank from time to time. 4. No agency ....