Exim Bank's Government of India supported Line of Credit of USD 38 million to the Government of the Republic of Mozambique

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.... Mozambique Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 20, 2019 with the Government of the Republic of Mozambique for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 38 million (USD Thirty Eight Million only) for the purpose of financing construction of 1600 Borewells with Handpumps and 8 small water systems in the....

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....lization 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 in his Exchange Earners' Foreig....