Business EconomyPosted at: Jan 22 2020 7:04PM

EXIM Bank provides $35.80 mln line of credit to Suriname

New Delhi, Jan 22 (UNI) Export-Import Bank of India (Exim Bank) has extended a Line of Credit of 35.80 million dollars to the Republic of Suriname for financing ‘Rural Electrification through Solar DG Hybrid PV systems in 50 remote villages of Suriname’ project.
The LOC agreement was signed and exchanged in Paramaribo, Suriname on January 21 between Ajay Rana, Regional Representative, Exim Bank’s Washington Representative Office and Gillmore Hoefdraad, Minister of Finance of Suriname in the presence of Mahender Singh Kanyal, Indian Ambassador to the Republic of Suriname.

With the signing of the agreement, the Exim Bank, till date, has extended nine Lines of Credit to the Republic of Suriname on behalf of the Government of India, taking the total value of LOCs to 124.98 million dollars.
Projects covered under the LOCs extended to the Government of Republic of Suriname include power, water supply, purchase of helicopters and rehabilitation and upgradation of milk processing plant.
With the signing of the agreement, the Exim Bank has now in place 258 Lines of Credit, covering 64 countries in Africa, Asia, Latin America and the CIS, with credit commitments of around 25.48 billion dollars, available for financing exports from India.
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EXIM Bank provides $35.80 mln line of credit to Suriname

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