Export-Import Bank of India has at the behest of Government of India, extended an additional Line of Credit (LOC) of USD 62.95 million to the government of the republic of sSenegal, for rice self-sufficiency programme in the republic of senegal. The LOC agreement to this effect was signed on Wednesday Sept. 17, 2014, by David Rasquinha, deputy MD on behalf of Exim Bank and H.E. Amadou Moustapha DIOUF, Ambassador of the Republic of Senegal in India, on behalf of the government of republic of senegal.

With the signing of the above LOC Agreement, Exim Bank, till date has extended twelve Lines of Credit to the republic of senegal, at the behest of the government of India, taking the total value of LOCs extended to the republic of senegal to USD 269.36 million. The LOCs have supported export of items like agricultural machinery and equipment, buses and vans, medical equipments, equipments for rural electrification project, meat processing project, fisheries development project, IT training projects, Irrigation project.