Exim Bank's Line of Credit of USD 47 million to the Government of the Federal Democratic Republic of Ethiopia.

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..... public of Ethiopia Export-Import Bank of India (Exim Bank) has concluded an Agreement dated April 12, 2012 with the Government of the Federal Democratic Republic of Ethiopia, making available to the latter, a Line of Credit (LOC) of USD 47 million (USD forty seven million) for financing eligible goods, services, machinery and equipment including consultancy services from India for the purpose o .....

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..... rom July 9, 2012 and the date of execution of Agreement is April 12, 2012. 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 (April 11, 2018) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC wil .....

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..... e 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 / approvals, if any, required under any other law. Yours faithfully, (Rashmi Fauzdar) Chief General Manag .....

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