Exim Bank's Line of Credit to the Government of the Republic of Malawi

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..... dated February 1, 2011 with the Government of the Republic of Malawi making available to the latter, a Line of Credit (LOC) of USD 50 million (USD fifty million) for financing eligible goods and services, machinery and equipment including consultancy services for financing (i) Cotton Processing Facilities (USD 20 million), (ii) Green Belt Initiative (USD 15 million), and (iii) One Village One Prod .....

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..... 2011 and the date of execution of Agreement is February 1, 2011. Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of project exports and 72 months (January 31, 2017) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have t .....

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..... omplex, Cuffe Parade, Mumbai 400 005 or log on to www.eximbankindia.in. 6. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Meena Hemchandra) Chief General Manager-in-Charge
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