Exim Bank Signs MoU With Egyptian Counterpart

New Delhi, July 26: | Updated: Jul 27 2002, 05:30am hrs
Exim bank of India has signed a MoU with Afreximbank of Egypt extending $15 million credit for promoting Indian exports in Africa.

India has also extended a line of credit to the tune of $200 million to various African countries in the next one year to strengthen economic ties.

The MoU was signed between the two banks at a seminar on ‘India and the new economic partnership for African development: Furthering Africa-India Economic Cooperation.’