India Exim approves credit line for West African development

India Exim $40mn Credit Line for West African Development

India Exim Bank’s facility for EBID targets long-term projects across Ecowas, with an initial focus on energy in Sierra Leone. The Export-Import Bank of India (India Exim Bank – site) has approved a $40mn commercial credit line for the Ecowas Bank for Investment and Development (EBID – site), strengthening support for long-term development projects across West Africa. The agreement was signed on August 14. Facility Scope and Purpose According to…

India Exim approves credit line for West African development

The Export-Import Bank of India (India Exim Bank) has approved a US$40mn commercial credit line for a development finance institution, bolstering support for long-term projects in West Africa.  The deal was signed between India Exim and the Ecowas Bank for Investment and Development (EBID) on August 14. EBID will use the facility for long-term projects across the Community of West African States (Ecowas), and the deal is also expected to boost I…