Question: Exim Bank of Which of the following country has recently signed a lone agreement of $ 448 million with Uzbekistan?
a) India
b) China
c) USA
d) Japan
Answer: (a)
Related Facts:-
- On 12 December 2010; Exim Bank has extended a Line of Credit (LOC) of $448 million to the Government of Republic of Uzbekistan.
- This Line of Credit (LOC) is being provided to Uzbekistan on behalf of the Government of India.
- It should be known that Export-Import Bank (Exim-Bank) is a specialized financial institution, wholly owned by Government of India.
- The LOC, extended to Uzbekistan by India, is for financing various projects in the Roads & Transport, Water and Technology & Communication sectors in that country.
- With the signing of this LOC Agreement, Exim Bank has now in place 266 Lines of Credit, covering different companies.
- There are 62 countries in Africa, Asia, Latin America, CIS and the Oceania, with credit commitments of around $26.59 billion, available for financing exports from India.
- Besides promoting India’s exports, Exim Bank’s LOCs enable demonstration of Indian expertise and project execution capabilities in emerging markets.
By – Rajesh Tripathi
Links:-
https://www.thehindubusinessline.com/money-and-banking/exim-bank-extends-loc-of-448-million-to-uzbekistan/article33314032.ece
https://www.eximbankindia.in/Hindi/press-releases