India Exim Bank and EBID Sign $40 Million Credit Line
Why in the news
India’s export bank agreed a credit line with a West African lender to deepen India-Africa economic ties.
Key facts
- The deal supports Indian businesses in infrastructure and exports to Africa and strengthens trade despite global uncertainty.
- India Exim Bank: founded 1982 under the Export-Import Bank of India Act; apex body for international trade and investment.
- EBID: ECOWAS Bank for Investment and Development, a regional development finance institution.
Exam angle
- Amount: $40 million.
- Exim Bank year: 1982.