Exim India: South Asian IDA countries Export Facility

completed

Export-Import Bank of India (“Exim Bank”) was formed in 1981 under the Export-Import Bank of India Act, and is a financial institution whose capital has been wholly subscribed by the Government of India. Exim Bank provides financial assistance to exporters and importers and also aims to develop relationships with export-oriented companies by assisting them in various capacities such as identifying overseas markets, providing loans and guarantees and export credit. Its non-institutional clients include mainly private sector entities. The proposed investment involves a long term loan on IFC’s own account and mobilization by IFC of parallel loans from international commercial banks to Exim Bank. The proceeds of the IFC loan will be used to finance exports from India to other South Asian countries from private sector exporters, mainly middle market companies.