Exim Bank extends $90 mn line of credit to Republic of Congo.
Export-Import Bank of India (EXIM Bank) has, at the behest of the Government of India, extended a Line of Credit of $89.90 million to the Government of Republic of Congo, for development of transportation system in the Republic of Congo.
Under the line of credit, Exim Bank will reimburse 100 per cent of contract value to the Indian exporters, upfront upon the shipment of equipment and goods/ provision of services.
The Agreement was signed in New Delhi, India by Yaduvendra Mathur, Chairman & Managing Director, Exim Bank and Félix NGOMA, Ambassador of the Republic of Congo in India. This is the second line of credit to the Government of the Republic of Congo.