Exim Bank extends credit lines to Angola and Seychelles

Mumbai, July 14 (UNI) Exim Bank of India has extended two lines of credit aggregeting USD 18 million to Angola and Seychelles, comprising USD 10 million for export of tractors to Angola and another USD 8 million, at the behest of Government of India, for export of essential commodities to Seychelles.

An agreement to this effect was signed by RMV Raman, executive director, on behalf of Exim Bank and Antonio Da Costa Fernandes, Ambassador of Republic of Angola in India on July 6, a release issued by the bank here this evening said. Another such agreement was signed by Mr Raman of Exim Bank with Lekha Nair, principal secretary, President's office, Department of Finance, Government of Seychelles on July 10.

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