Exim Bank Approves $245 mn Loan Agreement For Ghana and Mozambique for Agri & Rail Projects
- Export-Import Bank of India (Exim Bank) has entered into an agreement with the Government of the Republic of Ghana as well as Mozambique to provide line of credit worth USD 245 million to support agricultural and railway projects.
- Of the total line of credit of USD 245 million loan, Ghana will get USD 150 million to finance strengthening of agriculture mechanisation services centres.
- While, USD 95 million for Mozambique will be used for financing procurement of railway rolling stock including locomotives, coaches and wagons