Exim Bank's Government of India supported Line of Credit (LOC) of USD 500 million to the Government of Bangladesh

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....USD 500 million to the Government of Bangladesh Export-Import Bank of India (Exim Bank) has entered into an agreement dated April 11, 2019 with the Armed Forces Division, Government of the People's Republic of Bangladesh 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 the purpose of financing defence....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., the eligible goods and services up to the contract price to be supplied by the Seller from India may be further reduced from 75% to 65% and further reduction may be considered on a case to case basis, based on negotiation between the Borrower and GOI. Such exemption may be mutually agreed upon before the goods and services are tendered. 2. The Agreement under the LoC is effective from Novembe....