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Exim Bank Extended LoC to Nicaragua

Published on February 28, 2021
Current Context: The Export-Import Bank of India (Exim Bank) has extended Line of Credit (LoC) to Nicaragua.
Exim Bank Extended LoC to Nicaragua
  • It has extended the LoC of USD 7.35 million to the Government of the Republic of Nicaragua.
  • The LoC was extended to have the replacement and supply of equipment of the High Technology Centre of Hospital Antonio Lenin Fonseca, Nicaragua.
  • This will help to offer the best medical equipment support to the patients and will lead to having modern hospital infrastructure.
  • This LoC will also lead have exported medical equipment from India.
  • Static Part: 
    • Capital of Nicaragua: Managua
    • Currency of Nicaragua: Nicaraguan Cordoba
    • HQ of Exim Bank: Mumbai
    • MD of Exim Bank: David Rasquinha

Question: 

Q.1 Who among the following extended LoC of USD 7.35 million to the Government of the Republic of Nicaragua?
a. New Development Bank
b. Asian Development Bank
c. Exim Bank
d. World Bank
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