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

Question: 

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

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

Join class here
  • Follow me:
Close Menu
Close Menu