Indian ECA adds new credit line for Africa

(TwoCircles, New Delhi, 9 March 2014) A new Exim Bank Line of Credit for Africa has been introduced to speed up infrastructure project development in the continent, Commerce Minister Anand Sharma said here Sunday. "We've also introduced another Line of Credit, added to the Exim-Bank. The finance ministry has put it together under the Export Credit Guarantee Corporation (ECGC) and the National Exports Insurance Authority (NEIA), for which Buyer's Credit is available for infrastructure projects in Africa," Sharma said at the 10th CII-Exim Bank (Export-Import Bank of India) conclave on India Africa Project Partnership.