EXIM BANK OF INDIA (Syllabus: GS Paper 3 – Economics)

News-CRUX-10     2nd November 2023        
Samadhaan

Context: The Export-Import Bank of India (India Exim Bank) recently listed its maiden 10-year $1 billion sustainability bond on the Sustainable Bond Market (SBM) platform at the London Stock Exchange (LSE), the development finance institution said in a statement.

  • Sustainability bonds are issues where proceeds are used to finance a combination of green and social projects. 
  • The listing will give India Exim Bank access to a deeper pool of capital and a wider investor base.

EXIM Bank

  • About: It is the premier export finance institution of the country.
  • Established by: Government of India, under the Export-Import Bank of India Act, 1981
  • Owned by: Government of India.
  • Headquarter : New Delhi.
  • Services:

oEXIM Bank offers financial support to both exporters and importers.

oThe bank offers Lines of Credit (LOCs) to foreign financial institutions, regional development banks, sovereign governments, and other overseas entities. 

oEXIM Bank acts as the primary financial institution responsible for coordinating the efforts of organizations involved in financing the import and export of goods and services, with the goal of enhancing the country's international trade.

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