Sessional Paper No. 02 of 1979 on Kenya Government Guarantee of a Loan to the Industrial Development Bank Limited from the Industrial Development Bank of India

Abstract

In accordance with the provisions of the Guarantee (Loans) Act (Cap.461), the following information is laid before the National Assembly relating to a guarantee by the Government of the obligations of the Industrial Development Bank Limited (hereinafter referred to as "IDB") in respect of a loan of Rs.20 million (twenty million Indian Rupees) equivalent to approximately K£.920,000 to be granted to IDB by the Industrial Development Bank of India, a Corporation constituted under the Industrial Development Bank of India Act 1964 and having its head office at Jolly .Maker Chambers No. 1 Plot No. 227, Nariman Point, 50 Bombay - 4001021, India...