CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
EXIM Bank extended a Line of Credit of how much to the Government of the Republic of Nicaragua for the reconstruction of Aldo Chavarria Hospital?
A
USD 30.10 million
B
USD 10.10 million
C
USD 15.10 million
D
USD 20.10 million
Explanation: 

Detailed explanation-1: -A Line of Credit (LOC) of USD 20.10 million has been extended by the Export-Import Bank of India (Exim Bank) on behalf of the Government of India, to the Government of the Republic of Nicaragua. This LOC has been extended for reconstruction of Aldo Chavarria Hospital in the Republic of Nicaragua.

Detailed explanation-2: -MUMBAI : Export-Import Bank of India (Exim Bank) on Thursday said it has, on behalf of the government of India, extended a line of credit of $500 million to the government of the socialist republic of Sri Lanka for financing purchase of petroleum products. The agreement to this effect, was signed by S. R.

Detailed explanation-3: -A Line of Credit is a financing mechanism through which Exim Bank extends support for export of projects, equipment, goods and services from India. Exim Bank extends LOCs on its own and also with the support of Government of India.

Detailed explanation-4: -Credit growth Its loan portfolio increased 4.43 per cent year-on-year to ₹1, 03, 851 crore as on March-end 2021.

Detailed explanation-5: -In February 2022, the Export Import (Exim) Bank of India signed a USD 500 million Line of Credit (LoC) agreement with the Government of Sri Lanka to support the country to overcome its current fuel shortages.

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