Economy & Market
Exim Bank LoC to Djibouti
Export Import Bank of India (Exim Bank) has extended a Line of Credit (LoC) of $14 million as additional amount to the government of Djibouti for completing a cement plant project there. It has earlier extended two LoCs of $10 million each to finance a cement plant project in Djibouti. Exim Bank will reimburse 100 per cent of contract value to the Indian exporter, upfront upon the shipment of goods/provision of services.