India Exim Bank Signs $40M Credit Deal with ECOWAS Bank

Current Context: On 19 August 2025, India Exim Bank signed a $40 million commercial credit line agreement with ECOWAS Bank for Investment and Development (EBID) in London.

• The facility will finance key development projects in West Africa, including infrastructure, energy, agriculture, and healthcare.
• It aims to promote Indian exports and strengthen India–Africa economic cooperation.
• This marks the 7th credit line extended by India Exim Bank to EBID, with cumulative support reaching $1.14 billion since 2006.
• The agreement reflects India’s strategic push to deepen South–South collaboration.

Question:

Q.1 19 August 2025, Export-Import Bank of India (India Exim Bank) signed a $40 million commercial credit line agreement with which regional development bank?
a) African Development Bank (AfDB)
b) East African Development Bank (EADB)
c) West African Monetary Institute (WAMI)
d) Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID)

Answer: d) On 19 August 2025, India Exim Bank signed a $40 million commercial credit line agreement with ECOWAS Bank for Investment and Development (EBID) in London.