Exim Bank's Government of India supported Line of Credit of USD 500 million to Ecowas Bank for Investment and Development

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....velopment Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 25, 2018 with Ecowas Bank for Investment and Development for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 500 million (USD Five hundred million only) for financing various development projects in the 15 member countries of Ecowas Bank for Investment and Develo....

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....cheduled completion date of each project. 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners' Foreign Currency Account for payment of commi....