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 Money & Banking - Financial Institutions


$50-m Exim Bank credit line to Sudan

Our Bureau

Mumbai , Jan 19

EXPORT-Import Bank of India (Exim Bank) has extended a $50-million line of credit to Sudan.

The credit line is meant to support India's export of equipment, goods and services to the African nation, said a release from Exim Bank.

An agreement to this effect was signed in New Delhi by Mr T.C. Venkat Subramaniam, CMD, Exim Bank, and Mr El Sheikh Mohamed El Mak, Director General, Ministry of Finance, Sudan.

The credit period available to the importers through Sudan, is up to 8 years, said the release.

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