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Wednesday, January 30, 2013

Exim Bank extends $22.5 m credit to Burkina Faso Govt

Export-Import Bank of India (Exim Bank) has, at the behest of the Government of India, extended a Line of Credit (LOC) of $22.50 million to the Government of Burkina Faso, for financing a low cost housing and economical buildings’ project.

This is the third LOC extended by Exim Bank to Burkina Faso. The first LOC of $30 million was extended for financing the acquisition of tractors, harvesters and agriculture processing equipment, while the second LOC of $25 million is being utilised for financing rural electrification project in Burkina Faso. Burkina Faso is a landlocked country in West Africa.

Source: thehindubusinessline


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