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Exim Bank extends $750 mn loan to Nepal

Exim Bank extends $750 mn loan to Nepal

Friday, March 10, 2017, 11:54 AM

The Export-Import Bank of India (Exim Bank) has approved USD 750 million loan to Nepal to finance its post-earthquake reconstruction projects. A separate USD 92.18 million line of credit has been given to Tanzania to finance rehabilitation and water supply improvement in Zanzibar. Under an LOC contract, the terminal utilization period of the loan amount after the scheduled completion date of the project.
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