Exim Bank extends $448 million line of credit to Uzbekistan

The Export-Import Bank of India (Exim Bank) on Saturday said it has extended a $448 million line of credit (LOC) for various infrastructure projects in Uzbekistan.

The LOC has been extended on behalf of the Indian government, Exim Bank said in a statement.

With the signing of this LOC agreement, Exim Bank has now in place 266 LOCs, covering 62 countries in Africa, Asia, Latin America, the Commonwealth of Independent States and the Oceania, with credit commitments of around $26.59 billion, available for financing exports from India, it added.

The LOC of $448 million to Uzbekistan has been extended for financing various projects in the roads and transport, water and technology and communication sectors in Uzbekistan.