Exim Bank funds Eswatini to build new Parliament

Reported by: |Updated: June 18, 2021

Export-Import Bank of India has extended a Line of Credit of $108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for the construction of a new Parliament building in the country. An agreement to this effect was signed through exchange between Nirmit Ved, General Manager, Exim Bank, and Neal H Rijkenberg, Finance Minister, Government of Eswatini. Exim Bank has extended 4 Lines of Credit to the Government of Eswatini, to cover projects in sectors including information technology, disaster management, agriculture, and construction, totally valuing at $ 176.58 million. Exim Bank now has concluded 272 Lines of Credit, covering 62 countries in Africa, Asia, Latin America, and the CIS, with credit commitments of around $26.84 billion, available for financing exports from India.