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Exim Bank Inked Soft Loan Pact with Eswatini

Published on March 05, 2021
Current Context: The Export-Import Bank of India (Exim Bank) has signed a soft loan pact with Eswatini (Swaziland) on behalf of the GOI.
Exim Bank Inked Soft Loan Pact with Eswatini
  • Both the entities have signed a soft loan pact of USD 10.40 million (Rs 75.99 crore).
  • The loan pact is signed to support the construction at disaster sites in the Kingdom of Eswatini (Swaziland).
  • With this Line of Credit of USD 10.40 million, Exim Bank has extended 3 LoCs of a total value of USD 68.30 million to the Eswatini.
  • Static Part: 
    • HQ of Exim Bank: Mumbai
    • MD of Exim Bank: David Rasquinha
    • Capital of Eswatini: Mbabane and Lobamba
    • Currency of Eswatini: Swazi lilangeni


Q.1 Which organisation inked a soft loan pact with Eswatini to support construction work at disaster sites?
a. ADB
c. Exim Bank
d. New Development Bank
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