Line of credit Current Affairs, GK & News

India-Ethiopia: Agreements signed on visa facilitation & leather technology

India and Ethiopia have signed two agreements on February 20, 2021. These agreements are related to visa facilitation and leather technology. Highlights These agreements were signed in the presence of Demeke Mekonnen Hassen, the Deputy Prime Minister and Foreign Minister of Ethiopia and External Affairs Minister S Jaishankar. The deputy prime minister of Ethiopia is ..

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India inks agreement with Bangladesh for upgradation of Road into Highway

With the aim to strengthen connectivity between the North-Eastern region of India and Bangladesh, An agreement was signed by India with Bangladesh on Saturday, 25th January 2020 to upgrade 50.58 km road between Ashuganj river port and Akhaura in Bangladesh into 4-lane highway. This is the part of $2 billion Line of Credit extended by ..

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EXIM Bank extends Rs 250 Crore LOC to Suriname

The Mumbai headquartered Export-Import Bank of India (EXIM Bank) on Wednesday, 22nd January 2020, on behalf of the Government of India has extended a Line of Credit (LOC) of Rs 250 crore (USD 35.80 million) to the South American country, Republic of Suriname. The LOC was provided to fund the rural electrification system through Solar ..

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USD 500 million Line of credit to Bangladesh for Defence Procurement

Export and Import Bank of India (EXIM) has entered into an agreement with Bangladesh’s Armed Forces Division on 11th April this year for making a Government of India supported USD 500 million Line of Credit for Defence Procurements. The agreement under the Line of Credit is effective from the 7th of November 2019, with the ..

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India extends LOC to Guinea

India extended Line of Credits(LOC) to Guinea on Thursday, 5th December 2019 during the visit of Guinea’s Minister of Foreign Affairs and Guineans Abroad, Mamadi Toure to India from 2-5 December 2019. Minister of External Affairs, S.Jaishankar held bilateral discussions with Mamadi Toure in New Delhi followed by the signing of LOC: 1)Signature for LOC ..

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