Exim Bank extends second Buyer’s Credit of USD 15 mn under National Export Insurance Account

Export-Import Bank of India [Exim Bank] has extended its second Buyer’s Credit under National Export Insurance Account [BC-NEIA] of USD 15 mn in Latin America Region to the Government of Republic of Suriname for financing the contract for design, manufacture, supply, supervision, installation and commissioning of 19 vertical axis pumps with spares in 10 locations in Suriname. The project would be executed by Kirloskar Brothers Ltd., India. The BC-NEIA Agreement to this effect was signed in Paramaribo, Suriname, on January 29, 2019, by H.E. Mr. Gillmore Hoefdraad, The Minister of Finance, Government of the Republic of Suriname and Mr. Sailesh Prasad, Dy. General Manager & Resident Representative-Americas, Washington DC, on behalf of Exim Bank, in the presence of H.E. Mr. Lekhram Soerdjan, Minister of Agriculture, Animal Husbandry and Fisheries of the Republic of Suriname and Mr. Mahender Singh Kanyal, Ambassador of India to Suriname.