India Exim extends $23.5m credit line to Malawi

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The Export-Import Bank of India (India Exim) has extended a $23.5 million line of credit (LoC) to the government of Malawi to fund construction of a new water supply system for Blantyre. Proceeds can only be used for the sourcing of Indian goods and services. India Exim will reimburse 100% of the contract value to Indian exporters upon shipment of goods.