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

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..... rnment of the Republic of Malawi Export-Import Bank of India (Exim Bank) has concluded an Agreement 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 Process .....

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..... Eligible Contract from outside India. 2. The Credit Agreement under the LOC is effective from February 23, 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 ex .....

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..... ain full details of the Line of Credit from the Exim Bank s office at Centre One, Floor 21, World Trade Centre Complex, 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 / approva .....

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