Exim Bank's Government of India supported Line of Credit (LoC) of USD 170 million to the Government of the Republic of Guinea

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..... lion to the Government of the Republic of Guinea Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 05, 2019 with the Government of the Republic of Guinea, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 170 million (USD One Hundred and Seventy Million only) for financing the project for strengthening the drinking .....

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..... he LoC, the terminal utilization period is 60 months from 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 .....

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