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Our Bureau

Mumbai, Aug 20

Exim Bank of India signed two lines of credit agreements for $20 million each with Myanmar and Mozambique. The credit would be utilised by Myanmar Foreign Trade Bank for renovation of Thanlyin refinery and the Government of Mozambique would utilise the same amount for electrification of Gaza province in Mozambique.

The Exim Bank has 65 lines of credit worth $2.11 billion, which are available for financing exports to countries in Africa, Asia, Latin America, East Europe, among others, said a press release.

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