Exim Bank provides $35 million line of credit to Guinea

Export-Import Bank of India (EXIM) Bank has provided a $35-million line of credit to Guinea to construct and upgrade hospitals in the country.

"Export-Import Bank of India, at the behest of the Government of India, has extended a Line of Credit (LOC) of $35 million to the government of Guinea for construction and upgradation of regional hospitals at Kankan and Nzerekore in Guinea," EXIM Bank said in a statement today.

An agreement for the LOC was signed here between Alexandre Cece Loua, Ambassador of the Republic of Guinea to India and Regional Head of EXIM Bank, Tarun Sharma on Wednesday, it said.

This is EXIM Bank's first LOC to Guinea.

With the signing of this agreement, EXIM Bank has now in place 199 LOCs, covering 63 countries in Africa, Asia, Latin America, Oceania and the CIS, with credit commitments of over $12.19 billion, available for financing exports from India, it added.