EXIM Bank of India and EXIM Bank of Malaysia have entered into an agreement to strengthen cooperation in financing, guaranteeing and other financial mechanism to support projects of interest to both the banks. Yaduvendra Mathur, CMD, EXIM Bank, India, and Norzilah Mohammed, acting CEO, EXIM Bank, Malaysia, signed a MoU in this regard on the sidelines of the 21st Annual Meeting of the Asian Exim Banks Forum (AEBF). While both these institutions are cooperating with each other under the umbrella of Asian Exim Banks Forum, through this MoU, both these institutions intend to identify areas of cooperation in providing funding support for Indian companies setting up operations in Malaysia, and Malaysian companies setting up operations in India. Under the MoU, both the banks shall also endeavour to finance infrastructure and other projects in third countries where Malaysian and Indian enterprises are involved, and with a view to promoting economic cooperation and industrial development, as per their respective mandates. The MoU further enhances the scope of information and knowledge sharing between the two banks.
