Categories: Business

India extends $1 bn credit line to Central Asian countries

The second meeting of the India-Central Asia Dialogue was held virtually, under the chairmanship of the External Affairs Minister of India Dr S Jaishankar. The foreign minister of all the five Central Asian countries- Kazakhstan, Tajikistan, Turkmenistan, Uzbekistan, and Kyrgyzstan– participated in the meeting.

During the meeting, India announced US $1 billion line of credit for “priority developmental projects” in Central Asian countries in the fields of connectivity, energy, IT, healthcare, education, agriculture and offered to provide grant assistance for implementation of High Impact Community Development Projects (HICDP) for furthering socio-economic development in the countries of the region.

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Apart from this, the Acting Foreign Minister of the Islamic Republic of Afghanistan also attended the meeting as a special invitee. The first India-Central Asia Dialogue was held in Uzbekistan’s Samarkand in 2019.

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Sumit Arora

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