Exim Bank's Line of Credit to Republic of Mali

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..... Distribution Project Export-Import Bank of India (Exim Bank) has concluded an Agreement dated August 14, 2007 with the Government of the Republic of Mali, making available to the latter, a Line of Credit (LOC) of USD 45 million (USD Forty five million only) for financing exports of eligible goods and services including consultancy services from India for electricity transmission and distribution .....

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..... instructions issued by Reserve Bank from time to time. 4. No agency commission is payable under the above LOC. However, if required, the exporter may use his own resources or utilise balances of his EEFC account for payment of commission in free foreign exchange. Authorised Dealer Category - l (AD Category - l) banks may allow such remittance after realization of full payment of contract value su .....

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