Côte d’Ivoire: Line of credit for Mali interconnection

The Export-Import Bank of India has approved a $24m line of credit to the government of Côte d’Ivoire towards the $136.3m cost of a project to connect the electricity grids of the two countries. The Exim Bank has previously supported transmission lines between Côte d’Ivoire and Mali, agreeing a $30m line of credit in late 2009. Only Indian companies can be awarded contracts funded using the Exim Bank line of credit. The deal is the Indian export credit agency’s 200th line of credit worldwide, amounting to more than $12.2bn.