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    <title>Cabinet approves MoU between India and Korea for export credit of USD 9 billion</title>
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    <description>Cabinet approved a bilateral Memorandum of Understanding between EXIM Bank and KEXIM establishing a USD 9 billion export credit facility to finance infrastructure projects in India and supply of goods and services in third-country projects. The MoU contemplates KEXIM providing Investment Credit under OECD export credit practices, deployment through EXIM Bank lending for priority sectors, mutual consultations to structure assistance and jointly identify viable third-country projects, and the possibility for KEXIM to finance directly subject to satisfaction of purpose.</description>
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