Exim Bank extends $10 mn loan facility to Seychelles

The Export-Import Bank of India (Exim Bank) today said it has extended $10 million worth of line of credit (LOC) to Seychelles for healthcare and procurement of goods and projects.

The LOC is the first tranche of the $50 million sanctioned by the Exim Bank to the country, a release said.

With this agreement for $10 million, Exim Bank, till date, has extended two LOCs to Seychelles, taking the total value to $28 million.


Earlier this week, the bank had extended two LOCs aggregating $31 million to the Republic of Suriname for upgradation of transmission line network and maintenance of Chetak helicopters there.

Exim Bank has 233 LOCs in place at present, covering 62 countries in Africa, Asia, Latin America and the CIS, with credit commitments of around $22.86 billion, available for financing exports from India, the release said.