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  • Question
  • Exim Bank gives loans worth __________ million for projects in Rwanda.


  • Options
  • A. 225$
  • B. 244$
  • C. 267$
  • D. 275$

  • Correct Answer
  • 267$ 

    Explanation
    The Reserve Bank of India (RBI) notified that Exim Bank has proffered soft loans worth 266.6$ million to Rwanda for various projects. The funding for the projects has been done in 3 distinct tranches. The projects are for supporting agricultural projects; for the development of Special Economic Zones (SEZs); for financing road projects in Rwanda. Exim Bank, according to the agreement will provide $100 million to finance the development of 2 SEZs, as well as for the expansion of the Kigali SEZ in Rwanda.

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