EXIM Bank Provides $215.68 million to Malawi Government

Published on June 15, 2020
Current Context: Export-Import Bank of India (EXIM Bank) has provided a line of credit of $215.68 million to Malawi government.
EXIM Bank Provides $215.68 million to Malawi Government
  • The financial support will be utilised for the welfare of drinking water supply schemes, irrigation projects, sugar processing equipment, cotton processing facilities etc.
  • Static Part: 
    • HQ of EXIM Bank: Mumbai
    • MD and CEO of EXIM Bank: David Rasquinha
    • Capital of Malawi: Lilongwe
    • Currency of Malawi: Malawian Kwacha

Question: 

Q.1 Recently, EXIM Bank provided LOC $215.68 million to which country?
a. Azerbaijan
b. Malawi
c. Australia
d. Belarus

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