China Eximbank pledges $500 million USD line of credit loan to ICICI Bank (Linked to RecordID#42665)

$500K USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	ICICI Bank Limited
Country	India
Start Date	Jan 01, 2009
End Date	Feb 27, 2031
Duration	8,092 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42667`

Grant Description

China EXIM Pledges $500M USD to India ICICI Bank ICICI Bank and China Exim Bank signed a framework agreement for USD 500 million in July 2009. Subsequent to the agreement, long term lines of credit were established in support of Chinese imports into India. ICICI Bank and Chinabxim Bank have successfully partnered in financing projects at multiple locations in India.

📚 Sources & References

ICICI Bank Limited signs framework agreement with The Export ' Import Bank of China and MoU with China Development Bank Corporation
ICICI Bank Limited signs framework agreement with The Export - Import Bank of China and MoU with China Development Bank Corporation
ICICI Bank Limited signs framework agreement with The Export - Import Bank of China and MoU with China Development Bank Corporation
ICICI Bank signs agreement with The Export-Import Bank of China Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.