Search For "exim"
Nepal drowning in Chinese debt trap
Updated : 3 years, 1 month ago IST
Recently inaugurated Pokhara International Airport has come up with a USD 215 million loan from the Chinese EXIM Bank. The terms for this financing are highly adverse for Nepal's economy. The rate of interest charged on this loan is 2 per cent, much higher than what other multilateral lender
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China assures it will back Sri Lanka's debt restructuring: President on IM
Updated : 3 years, 2 months ago IST
Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new letter of assurance pertaining to Sri Lanka's debt restructuring, according to Newswire.
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Debt relief reiterated by China to Sri Lanka falls short of overall burden
Updated : 3 years, 3 months ago IST
EXIM Bank of China, as the official bilateral creditor, provided a financing support document to the Ministry of Finance, Economic Stabilisation and National Policies of Sri Lanka, saying it is going to provide an extension on the debt service due in 2022 and 2023.
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EAM Jaishankar gives 10 reasons why Budget 2023 should be welcomed
Updated : 3 years, 3 months ago IST
The EAM said that the budget for the new year will enhance the ease of doing business as it includes KYC process simplification, Greater GIFT IFSC activities and establishing an EXIM Bank subsidiary for trade re-financing.
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China's debt moratorium offer to Sri Lanka not sufficient for IMF to appro
Updated : 3 years, 3 months ago IST
The IMF needs more assurances from China to secure IMF board approval for the bailout package for Sri Lanka.
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Sonowal inaugurates NLP-Marine, a single window portal to reduce logistics
Updated : 3 years, 3 months ago IST
It is an open platform that allows the coexistence of multiple service providers to provide EXIM-related services independently or by combining different connectivity options
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China's lending debacle: Development loans hit 13-year low
Updated : 3 years, 3 months ago IST
China's Belt and Road Initiative (BRI) has left scores of Lower and Middle-Income Countries (LMIC) saddled with "hidden debts." China is using debt rather than aid to establish a dominant position in the international development finance market.
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China plays catch-up with India in Sri Lanka; fails
Updated : 3 years, 4 months ago IST
This development comes a few days after India backed the island nation's efforts to secure a loan from the global lender, as the country seeks assurances that debt will be restructured as per the IMF programme.
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India extends aid worth USD 3.9 billion to help Sri Lanka face of economic
Updated : 3 years, 4 months ago IST
India's EXIM bank and State bank of India, for the import of essential commodities, extended export credit facilities worth USD 1,500 million to Sri Lanka.
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CBI registers four separate cases against accused on allegations of bank f
Updated : 3 years, 4 months ago IST
The Central Bureau of Investigation (CBI) registered four separate cases of complaints from Canara Bank, Punjab National Bank, IDBI Bank Ltd. and EXIM Bank respectively against the accused and others including a private company.
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Chennai's eNTrust acquires Eximius BPO
Updated : 3 years, 5 months ago IST
Chennai (Tamil Nadu) [India], December 14 (ANI/NewsVoir): The Chennai-based eNTrust Software & Services, a fully owned subsidiary of NTrust Infotech USA, a Commercial Real Estate (CRE) software and services company with a global footprint, has acquired Eximius, a Philippines-based leadin
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Reluctance of ECGC to issue fresh insurance cover will have impact on expo
Updated : 3 years, 5 months ago IST
"ECGC is reluctant to issue the coverage to EXIM bank because of the default committed by Sri Lanka and Zambia. This is adversely affecting the overall export performance of Indian exporters," said PHDCCI President, Saket Dalmia.
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