Exim Bank's Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe

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..... million to the Government of the Republic of Zimbabwe Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 24, 2020 with the Government of the Republic of Zimbabwe, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 310 million (USD Three Hundred and Ten million only) for the purpose of financing repowering of Hwange Th .....

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..... l utilization period is 60 months after 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 Earner .....

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