India Sanctioned LoC to Support Projects in Kyrgyzstan

Published on October 12, 2021
Current Context: India has taken the decision to sign a Line of Credit (LoC) to support development projects in Kyrgyzstan.
India Sanctioned LoC to Support Projects in Kyrgyzstan
  • The LoC of USD 200 million will be signed for the same.
  • The decision was taken when Union External Affairs Minister S Jaishankar held cordial and constructive talks about global and bilateral relations with his counterpart Ruslan Kazakbaev.
  • The funds will be used to conduct high-impact community projects in Kyrgyzstan.
  • The MoU on ‘High Impact Community Development Projects’ will enable commencement in developing various community projects under grant funding by GoI.
  • It will also develop bilateral relations between both nations.
  • Static Part: 
    • Capital of Kyrgyzstan: Bishkek
    • Currency of Kyrgyzstan: Kyrgyzstani Som

Question: 

Q.1 India agreed to sign LoC of ___ to conduct development projects in Kyrgyzstan?
a. USD 250 million
b. USD 150 million
c. USD 100 million 
d. USD 200 million
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