- 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
a. ADB
b. AIIB
c. Exim Bank
d. New Development Bank