Exim Bank's Line of Credit of USD 15 million to Government of Senegal

By Vijay Kumar

The Export-Import Bank of India (Exim Bank) has concluded an agreement with the Government of the Senegal making available a Line of Credit (LOC) up to an aggregate sum of USD 15 million (US Dollar fifteen million only). The credit is available for financing export of eligible Indian goods and services to Senegal for development of rural small and medium enterprises and agricultural machinery and equipment from India to buyers in Senegal. The credit agreement has become effective on February 9, 2005. RBI CIRCULAR NO. 36, Dated: March 7, 2005

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