Exim Bank's Government of India supported Line of Credit of USD 500 million to the Government of the United Republic of Tanzania

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..... to the Government of the United Republic of Tanzania Export-Import Bank of India (Exim Bank) has entered into an agreement dated May 10, 2018 with the Government of the United Republic of Tanzania for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 500 million (USD Five hundred million) for the purpose of financing water supply schemes in the Republ .....

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..... the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners Foreign Currency Account for payment .....

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