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Doctors Medicines MCQs Q&A

  1. Nepal
  2. Mozambique
  3. Bangladesh
  4. Sri Lanka
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1 Answers

Option 2 : Mozambique

The correct answer is Mozambique.

  • Export-Import Bank of India on 3rd August 2020 extended a $250 million line of credit to Mozambique for improving power supply quality.
  • The agreement was signed by Saroj Khuntia, general manager, of Exim Bank, and Adriano Isaias Ubisse, National Directorate of Treasury, Ministry of Economy and Finance, Mozambique.
  • After signing this LOC agreement the EXIM bank of India had a total of 14 LOCs with Mozambique with a total value of $772.44.
  • A line of credit is a flexible loan from a financial institution/Government that consists of a defined amount of money that you can access as needed and repay either immediately or overtime.

  •   EXIM Bank - Export-Imports Bank
    • MD, CEO- Harsha Bhupendra Bhangari.
    • Headquarters- Mumbai, Maharashtra
    • Formed in 1982 under the Export-Import Bank of India Act 1981.
  • ​About Mozambique
    • ​Capital- Maputo
    • Currency - Mozambiqcn Metical
    • President - Philip Nyusi
    • Prime Minister - Adriano Maleiane
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