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Exim Bank extends $7 35 million line of credit to Nicaragua

By siliconindia  |  Friday, 26 February 2021, 13:36 Hrs The Export-Import Bank of India (Exim Bank), on behalf of the Indian government, has extended Line of Credit of $7.35 million to the central American nation of Nicaragua for replacement and supply of equipment of the High Technology Centre of Hospital Antonio Lenin Fonseca in its capital Managua. The project, under the LOC, will facilitate improving the quality of life of patients and provide a modern hospital infrastructure in Nicaragua. It would also enable export of medical equipment from India. With the signing of the LOC agreement, Exim Bank, till date, has extended five Lines of Credit to Nicaragua, on behalf of India, taking the total value of LOCs extended to $94.98 million. The LOCs cover projects in the power and healthcare sectors in Nicaragua.

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