EXIM Bank raises credit support to exporters to diversify

The Export-Import (EXIM) Bank is increasing credit support to exporters and helping them diversify into newer markets, particularly Africa, following punitive US tariffs on imports from India. It has eased risk limits on at least a fourth of its overseas banking partners. The bank has partnerships with more than 100 overseas banks across 54 countries under its trade assistance program. EXIM Bank is also offering shorter-term credit and credit against future receivables to address exporters’ immediate working capital needs. It is in talks with African banks to increase its presence in the region, aiming to support diversification efforts. It is exploring credit lines ranging from $100 million to $150 million for regional banks, or $25 million to $50 million for smaller local banks, and expanding partnerships with major lenders across the region, including Afrexim Bank (African Export-Import Bank) and the Africa Finance Corporation (AFC), as per a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!