CAF and Exim India sign credit line agreement

As part of India Week organized by the Indian Embassy in Venezuela, the Andean Development Corporation and the Export-Import Bank of India today signed a credit line agreement for US$10 million to grant export finance for products manufactured in the Asian country to five members of the CAF: Bolivia, Colombia, Ecuador, Peru and Venezuela.

The executive president of the corporation, Enrique García, said the operation reaffirms the catalytic role of the CAF in attracting external capital goods into the region.

The agreement was signed in the Metropolitan University during the seminar India and Venezuela - Partners in business and technology by T.C. Venkat Subramanian, president of Eximbank of India and the executive president of the CAF, Enrique García.