Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of the Republic of Rwanda

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.... Rwanda Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 23, 2018 with the Government of the Republic of Rwanda for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 100 million (USD One Hundred Million Only) for the purpose of financing the three Agriculture Project Schemes i.e. (i) Warufu Multipurpose Project, (ii) Mugese....

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....Under the LoC, the terminal utilization period is 60 months after the scheduled completion date of the 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 ....