{"id":483999,"date":"2025-08-18T12:11:41","date_gmt":"2025-08-18T12:11:41","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/?p=483999"},"modified":"2025-08-18T12:11:41","modified_gmt":"2025-08-18T12:11:41","slug":"ebid-secures-usd-40-million-commercial-credit-line-from-india-exim-bank-to-support-developmental-projects-in-africa","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2025\/08\/18\/ebid-secures-usd-40-million-commercial-credit-line-from-india-exim-bank-to-support-developmental-projects-in-africa\/","title":{"rendered":"EBID secures usd 40 million commercial credit line from India Exim Bank to support developmental projects in africa"},"content":{"rendered":"
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London, United Kingdom, 14 August 2025 \u2013 Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), and Mr. Ashok Kumar Vartia, Chief Executive of India Exim Bank, London Branch, today signed a commercial credit line agreement for an amount of USD 40 million in London. The London Branch of India Exim Bank hosted His Excellency, the President of EBID, Dr. George Agyekum Donkor, and his team for the signing ceremony.<\/p>\n

India Exim Bank, through its global network of offices and wide range of financial, advisory and capacity building activities, has strived to play a catalytic role, in promoting India\u2019s international trade and investment relations with partner countries, including Africa, while contributing to the international endeavours of Indian businesses.<\/p>\n

The President of EBID, Dr. George Agyekum Donkor, commended India EXIM Bank for its continued commitment to partnering with the ECOWAS sub-region for the realization of development projects geared towards improving outcomes for vulnerable populations. He underscored the need to expand investments in key sectors such as energy, health, transportation, agriculture and infrastructure, among others, to drive economic growth in West Africa while building resilience in an increasingly volatile global setting.<\/p>\n

Mr. Ashok Kumar Vartia, Chief Executive of India Exim Bank, London Branch, said, \u201cThis marks a key milestone in our continued commitment to support developmental projects in Africa.\u201d Ms. Trupti Mhatre, General Manager, India Exim Bank, mentioned, \u201cThis will provide the much-needed support to the infrastructure projects being executed by the Indian exporters. This structured long tenor credit line agreed between EBID and India Exim Bank will foster closer interactions and partnerships between India and the African continent.\u201d<\/p>\n

India Exim Bank has a long-standing relationship with EBID dating back to the first credit line, which was extended in 2006. Since then, a total of 6 facilities aggregating to USD 1.14 billion have been extended by the Bank to EBID to support the export of goods and services from India to Africa.<\/p>\n

About the India Exim Bank<\/strong><\/p>\n

India Exim Bank was set up in 1982 by an Act of Parliament and is fully owned by the Government of India. It is the principal financial institution for coordinating the working of institutions engaged in financing exports and imports.\u00a0 India Exim Bank, has over the years, played a catalytic role in facilitating India\u2019s integration with the global economy by promoting, financing and facilitating India\u2019s international trade and investment. The Bank\u2019s range of programmes have helped Indian enterprises become competitive and develop a global footprint.<\/p>\n

www.eximbankindia.in<\/a><\/p>\n

About The ECOWAS Bank for Investment and Development (EBID)<\/strong><\/p>\n

The ECOWAS Bank for Investment and Development (EBID) is a leading regional Development Finance Institution, owned by the ECOWAS Member States. Based in Lom\u00e9, Togolese Republic, the Bank is committed to financing developmental projects and programs covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows. EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations and related services.<\/p>\n

www.bidc-ebid.org<\/a><\/p>\n

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    London, United Kingdom, 14 August 2025 \u2013 Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), and Mr. Ashok Kumar Vartia, Chief Executive of India Exim Bank, London Branch, today signed a commercial credit line agreement for an amount of USD<\/p>\n","protected":false},"author":2,"featured_media":484000,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12065],"tags":[15244],"class_list":{"0":"post-483999","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-press-releases","8":"tag-ebid","9":"post_format-post-format-aside","10":"pmpro-has-access"},"yoast_head":"\nEBID secures usd 40 million commercial credit line from India Exim Bank to support developmental projects in africa - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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