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India extends $108.28 milion soft loan to South African country

The soft loan agreement was signed between Nirmit Ved, General Manager, Exim Bank, and Neal H Rijkenberg, Finance Minister, Government of the Kingdom of Eswatini (Swaziland).

Published: 15th June 2021 05:20 PM  |   Last Updated: 15th June 2021 05:20 PM   |  A+A-

Dollars, foreign currency, USD

For representational purposes

By PTI

NEW DELHI: The Government has extended a soft loan of USD 108.28 million to Eswatini (Swaziland) for construction of their new Parliament building, Exim Bank said on Tuesday.

With the signing of this line of credit agreement, Exim Bank has now in place 272 Lines of Credit (LoC), covering 62 countries in Africa, Asia, Latin America, and the CIS, with credit commitments of around USD 26.84 billion, available for financing exports from India, Exim Bank said in a release.

The soft loan agreement was signed between Nirmit Ved, General Manager, Exim Bank, and Neal H Rijkenberg, Finance Minister, Government of the Kingdom of Eswatini (Swaziland).

The LOCs extended to the Eswatini cover projects in sectors including information technology, disaster management, agriculture, and construction, it said.



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  • Phitsitela

    The Kingdom of Eswatini is not a South African country
    4 months ago reply
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