Exim Bank extends LOC worth $22.5 m to Burkina Faso

SME News, Thursday, Jan 31, 2013 11:41:58 AM IST

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MUMBAI: In a bid to fund low cost housing and economical buildings' project, the export-import Bank of India, Exim Bank, on behalf of the government of India, extended a Line of Credit (LOC) worth $22.50 million to the government of the west-African country, Burkina Faso.

While the first LOC worth $30 million was extended for funding the acquisition of tractors, harvesters and agriculture processing equipment, the second LOC of $25 million is being facilitated for financing rural electrification project in Burkina Faso.

This is the third LOC that has been extended by Exim Bank to Burkina Faso.

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