Exim Bank's Government of India supported Line of Credit (LoC) of USD 100 million to the Government of Democratic Socialist Republic of Sri Lanka

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.... supported Line of Credit (LoC) of USD 100 million to the Government of Democratic Socialist Republic of Sri Lanka Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 16, 2021 with the Government of the Democratic Socialist Republic of Sri Lanka (Borrower), for making available to the latter, Government of India supported Line of Credit (LoC) of USD 100 million (US....

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....vided however at the request of the borrower and with the approval of the Government of India, Exim Bank may consider reduction in the India content not exceeding 10% of contract price on a case to case basis. Provided further that such view/consent of Government of India be obtained before a project procurement is initiated and the said goods or services shall not be from a country other than tha....