एक्ज़िम बैंक ने घाना को दी USD 30 मिलियन मूल्य की कर्ज सुविधा

Exim Bank gives USD 30 mn line of credit to Ghana

Points to Remember:

  • The Export-Import (Exim) Bank has provided a USD 30 million line of credit to Ghana for potable water project in the country.
  • Exim Bank has entered into an agreement with Ghana for a line of credit (LoC) of USD 30 million (about Rs 210 crore) for financing rehabilitation and up-gradation of potable water system in Yendi, Ghana
  • The agreement under the LoC (soft loan or loan with low interest rate) is effective from October 11, 2019.
  • Under the LoC, the terminal utilisation period is 60 months after the scheduled completion date of the project.

About Exim Bank (India):

  • Founded: 1 January 1982
  • Headquarters: Mumbai, India
  • Managing Director: David Rasquinha

About Ghana:

  • Capital: Accra
  • President: Nana Akufo-Addo
  • Vice-President: Mahamudu Bawumia
  • Currency: Ghanaian cedi
Important Possible questions based on above News:
  1. Which finance institution has provided a USD 30 million line of credit to Ghana for potable water project in the country? Exim Bank
  2. Recently Export-Import (Exim) Bank has provided a ___ line of credit to Ghana for potable water project in the country. USD 30 million

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