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of <h1>Exim Bank India Opens $20.10M Credit Line for Nicaragua Hospital, 75% Procurement from India Required.</h1> Exim Bank of India has established a USD 20.10 million Line of Credit (LoC) with the Government of Nicaragua, effective from September 15, 2020, for reconstructing Aldo Chavarria Hospital. At least 75% of the goods, works, and services under this agreement must be sourced from India, while the remaining 25% can be procured internationally. The LoC has a utilization period of 60 months post-project completion. Exporters must declare shipments under this LoC as per Reserve Bank instructions, and no agency commission is payable. Authorized banks are instructed to inform exporters about the LoC details.
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