Holi Offer - Use Code HOLI24

Register Now

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
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu