Exim Bank Extends $10 mn Loan Facility To Seychelles

The Export-Import Bank of India (Exim Bank) announced that it has extended $10 million worth of line of credit (LOC) to Seychelles. This is for healthcare and procurement of goods and projects.

It is the first tranche of the $50 million sanctioned by the Exim Bank to the country. With this agreement for $10 million, Exim Bank has extended two LOCs to Seychelles, taking the total value to $28 million.
Source- The Economic Times

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Exim Bank Headquarters in: Mumbai, Founded in: 1982, CEO- Shri Yaduvendra Mathur.
  • Seychelles Capital: Victoria, Currency: Seychellois rupee.