Which bank Extends $500 Million Loan Facility To 15-Nation Group In Africa ?
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The Export-Import Bank (Exim Bank) today said it will provide a USD 500 million credit facility to ECOWAS Bank for Investment and Development (EBID) to fund various development projects in the western-south Africa.
The line of credit of USD 500 million to EBID will finance various development projects in the ECOWAS region, Exim Bank said in a release.
With the signing of this line of credit (LoC) agreement, Exim Bank till date has extended four LoCs to EBID, with the support of the government, taking the total value of LOCs to USD 1,000 million.
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The Export-Import Bank (Exim Bank) today said it will provide a USD 500 million credit facility to ECOWAS Bank for Investment and Development (EBID) to fund various development projects in the western-south Africa.
The line of credit of USD 500 million to EBID will finance various development projects in the ECOWAS region, Exim Bank said in a release.
With the signing of this line of credit (LoC) agreement, Exim Bank till date has extended four LoCs to EBID, with the support of the government, taking the total value of LOCs to USD 1,000 million.
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