Categories: National

Exim Bank extends LOC of USD 20.10 Mn to government of Nicaragua

A Line of Credit (LOC) of USD 20.10 million has been extended by the Export-Import Bank of India (Exim Bank) on behalf of the Government of India, to the Government of the Republic of Nicaragua. This LOC has been extended for reconstruction of Aldo Chavarria Hospital in the Republic of Nicaragua.

Click Here To Get Test Series For SBI PO 2020

With the signing of the above LOC Agreement for reconstruction of hospital, the total number of LOCs extended by Exim Bank to the Republic of Nicaragua comes to four, comprising projects which includes supply of equipment for building two substations, construction of transmission lines, building new substation, expansion of the existing substations and reconstruction of a hospital. The total value of the 4 LOCs is USD 87.63 million.

Important takeaways for all competitive exams:

  • Managing Director of Exim Bank: David Rasquinha.
  • Capital of Nicaragua: Managua; Currency: Nicaraguan córdoba.

Find More National News Here

Mahesh Kumar

Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.

Recent Posts

Rabindranath Tagore Jayanti 2026: Celebrating the Timeless Legacy of India’s Nobel Laureate Poet

India is celebrating the 165th birth anniversary of Rabindranath Tagore on 7th May, 2026. He…

7 hours ago

CRRI-BPCL project earns India Book of Records and Asia Book of Records honors

The CSIR-Central Road Research Institute and Bharat Petroleum Corporation Limited have received the recognition from…

8 hours ago

Ministry of Health and Family Welfare, India launches JANANI Digital Platform

The Ministry of Health and Family Welfare (MoHFW) has launched the JANANI (Journey of Antenatal,…

8 hours ago

Soma Mandal wins South Asia award in Cambridge Dedicated Teacher Awards 2026

Soma Mandal has been awarded with the South Asia regional winner of the prestigious Cambridge…

9 hours ago

Solomon Islands Prime Minister voted out after no-confidence motion succeeds

Jeremiah Manele Prime Minister of Solomon islands lost a no confidence vote in Parliament on…

9 hours ago

Ted Turner, creator of the world’s first 24-hour news channel, dies at 87

The legendary media entrepreneur who ha transformed global television news by launching world's first 24…

10 hours ago