Exim Bank's LoC scheme to see fresh commitments worth $20 billion by 2025

Asia and Africa account for 52 per cent and 42 per cent respectively of the share of total LoC commitments

The Government of India backed Exim Bank's Lines of Credit (LoC) Programme is projected to see fresh credit commitments of the order of $20 billion over the next five years. The programme since its inception in 2003 has witnessed credit commitments worth $30 billion. Of the total commitment, there have been disbursements worth $7.7 billion.

“In the last five years, credit commitments under LoC have shot up by three times. By 2025, we are looking at $20 billion in new commitments. The programme has been designed keeping in view the needs of the developing countries. Nepal, Bangladesh and Sri Lanka