CURRENT AFFAIRS

Detailed explanation-1: -The Export and Import Bank (EXIM) of India has signed Soft loan worth USD 210.73 million (≅INR 1567 crore) to the government of Guinea for drinking water projects, hospital building and solar projects in the country.

Detailed explanation-2: -Detailed Solution. The correct answer is Sri Lanka. Export-Import Bank of India (Exim Bank) has extended a line of credit of USD 500 million to Sri Lanka for financing the purchase of petroleum products. With the signing of the agreement, Exim Bank, to date, has extended 10 lines of credit to the Sri Lankan government.

Detailed explanation-3: -The Export-Import Bank of India (Exim Bank) has entered into an agreement for USD 100 million line of credit to Mauritius for procurement of defence items from India.

Detailed explanation-4: -HEAD OFFICE, MUMBAI Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005.

Detailed explanation-5: -Exim Bank extends Lines of Credit (LOCs) to overseas financial institutions, regional development banks, sovereign governments and other entities overseas, to enable buyers in those countries to import developmental and infrastructure projects, equipment, goods and services from India, on deferred credit terms.