Gambia: Indian Exim Bank backs electrification project
Issue 288
- 10 Nov 2014
| 1 minute read
The Export-Import Bank of India (Exim Bank) on 29 October agreed a $22.5m line of credit (LoC) to finance power grid expansion in the greater Banjul area. Exim Bank now has five LoCs in place for Gambia, but this is the first for the power sector. Exim Bank will reimburse the entire cost of contracts awarded to Indian exporters.
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