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Exim Bank Funds Projects Worth USD 267 Mn In Rawanda | Business Standard News

by posted 11months ago 34 views
The Reserve Bank of India (RBI) Thursday said Exim Bank has provided soft loans of USD 266.60 million to Rawanda for various projects. The funding, done in three separate tranches to Rawanda, is to support agricultural projects, development of special economic zones (SEZs) and for financing road project in the African nation. According to the agreements, Exim Bank will provide USD 100 million for financing the development of two SEZs and expansion of the Kigali SEZ in Rwanda; USD 100 million for financing three agriculture project schemes -- Warufu Multipurpose Project, Mugesera Irrigation Project and Nyamukana Irrigation Project.

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