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Exim bank extends two lines of credit [locs] of USD100million each to the Government of the Republic of Rwanda

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended two Lines of Credit [LOCs] of USD 100 millioneach [for (i) Development of two SEZs & expansion of the Kigali SEZ and (ii)Agriculture Projects in Rwanda] to the Government ofthe Republic of Rwanda. The LOC Agreements to this effect were signed in Rwandaon Monday, July 23, 2018, by Mr.Nadeem Panjetan, ChiefGeneral Manager, on behalf of Exim Bank and H. E.Dr. UzzielNdagijimana, Minister of Finance and Economic Planning, on behalf of the Government of the Republic of Rwanda during the visit of the Prime Minister of India to Rwanda.

With the signing of the above LOC Agreements, Exim Bank, till date, has extended7 (Seven)Lines of Credit to the Government of the Republic of Rwanda, on behalf of the Government of India, taking the total value of LOCs extended to USD 547.65 million. The LOCs extended to the Government of the Republic of Rwandacovers projects in sectors including Power, Agriculture, Skill Development, Roads and SEZs in Rwanda.

With the signing of these LOC Agreements, Exim Bank has now in place 235 Lines of Credit, covering 62 countries in Africa, Asia, Latin America and the CIS, with credit commitments of around USD 23.05 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.

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