Exim Bank today said it has inaugurated a representative office at Abidjan that will help pursue interests among various countries in the African continent.
Export-Import Bank of India representative office at Abidjan was formally inaugurated on June 14, 2016, Exim Bank said in a release.
The accord was signed by Exim Bank Chairman and Managing Director Yaduvendra Mathur and Minister of Foreign Affairs Abdallah Albert Toikeusse Mabri on behalf of the Government of Cote d’Ivoire, in the presence of India’s President Pranab Mukherjee, who is touring the country.
The representative office in Abidjan is being reopened after it was shifted in 1992 to Sudan because of political turmoil during that time.
Exim Bank signed a ‘Headquarter Agreement’ which will give it some privileges.
“Exim Bank’s representative office in Abidjan shall look after Exim Bank’s interest in countries namely Benin, Burkina Faso, Cameron, Cape Verde, Central African Republic, Chad, Cote d’Ivoire, Equatorial Guinea, Gabon, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Sao Tome Principe, Senegal, Sierra Leone, Togo,” it said.
Mathur said Exim Bank’s office in Abidjan is the eighth overseas regional office.
He hoped its presence in Abidjan would serve to further boost and facilitate bilateral trade and investment relations between India and Cote d’Ivoire, West Africa.
Apart from its head office in Mumbai, Exim Bank has regional offices spread across the major cities of India- Ahmedabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata, Mumbai, New Delhi and Pune.
The overseas offices of the bank are located in Addis Ababa, Dubai, Johannesburg, London, Singapore, Washington DC and Yangon.