BUSINESS STANDARD Exim Bank funded projects in Rawanda

CONTEXT:

  • The Reserve Bank of India (RBI) said Exim Bank has provided soft loans of USD 266.60 million to Rawanda for various projects.
  • The funding is done in 3 separate tranches to support agricultural projects, development of special economic zones (SEZs) and for financing road projects.
  • USD 66.60 million will be funded for the Base-Butaro-Kidaho Road Project.

BACKGROUND:

  • The funding for the projects has been done in 3 distinct tranches. The names of the projects are as follows:
  1. for supporting agricultural projects
  2. for the development of Special Economic Zones (SEZs)
  3. for financing road projects in Rwanda.
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