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India and Cuba review bilateral relations and sign credit line agreement worth 100 million euros

Cuba and India held bilateral political consultations this Monday in Havana where the two delegations discussed ways to strengthen the partnership between the two countries. Saurabh Kumar, the Secretary (East) of the Union Foreign Ministry led the Indian delegation while Anayansi Camejo, the Deputy Foreign Minister led the Cuban delegation. The delegations discussed issues of […]

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Cidco Obtains ₹5,000 Line of Credit for Pmay Hsg Project | News from Navi Mumbai

NAVIGATION Mumbai: cidcoThe Navi Mumbai mega housing project under the Pradhan Mantri Awas Yojana (PMAY) has finally achieved financial close, with the planner securing the much needed line of credit (LOC) worth Rs 5,000 crore from National Bank of India (SBI). This will give a boost to the ongoing mass housing project comprising 1.12 lakh […]

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Eevia Health Plc secured an SEK 8 million line of credit for working capital purposes to fund continued growth

Eevia Health Plc(“Eevia” or “The Company”), has entered into an agreement whereby Excellity AB, Sweden will provide a line of credit for Eevia up to 8 million Swedish crownsgiving the Company greater working capital flexibility to fund its continued growth. The duration of the credit is until December 31, 2022. It is not secure. Interest […]

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Fintech firms seek six-month extension to comply with RBI credit line standards

Fintech companies will seek an extension of at least six months to comply with the latest mandate from the Reserve Bank of India, which prohibits non-bank wallets and prepaid cards from offering lines of credit on Fintech platforms. At a meeting hosted by the Digital Lenders […]

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No line of credit on prepaid wallets: what it means for users and wallet companies

In a move that could affect several fintech players, the Reserve Bank of India on Tuesday non-bank prepaid instruments (IPP) requested issuers not to charge them with a line of credit, a predefined borrowing limit. The signal from India’s central bank seems to be that it wants to put an end to Buy-Now-Pay-Later (BNPL) wallets […]

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Germany to provide 15 billion euro credit line to fill gas storage

The Astora natural gas depot, which is Western Europe’s largest natural gas storage, is pictured in Rehden, Germany March 16, 2022. REUTERS/Fabian Bimmer Join now for FREE unlimited access to Reuters.com Register FRANKFURT, June 19 (Reuters) – Germany will provide an additional 15 billion euros ($15.8 billion) in gas purchase credit lines to replenish storage […]

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Sri Lanka awaits green light from India for new fuel supply credit line

Sri Lanka is awaiting official confirmation from India on a new line of credit that would see the cash-strapped nation stock up on gasoline and diesel for the next four months, the minister said on Friday. Kanchana Wijesekara energy. Sri Lanka is currently facing its worst economic crisis since its independence […]

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AccèsBanque Madagascar obtains a $5.2 million line of credit to finance local SMEs

(Ecofin Agency) – The financing is part of Proparco’s strategy to encourage the development of SMEs in emerging markets. Proparco and the European Union recently approved a €5 million line of credit for AccèsBanque Madagascar (ABM), the Malagasy subsidiary of the German investment company AccessHolding. The line of credit will be granted in Ariary, the […]

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New Indian credit line to help buy fuel for another 4 months: Prime Minister of Sri Lanka

The Sri Lankan prime minister said authorities will ensure there is a continuous supply of fuel. (CASE) Dove: Sri Lankan Prime Minister Ranil Wickremesighe said on Tuesday that a new line of credit provided by India would support the cash-strapped island nation’s fuel purchase for another four months from July, even as 3,500 tonnes of […]

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Exim Bank extends $55m line of credit to Sri Lanka

Export-Import Bank of India has, on behalf of the Government of India, extended a short-term line of credit of $55 million to the government of Sri Lanka to finance the purchase of urea-based fertilizers, the report said. trade finance institution in a statement. The line of credit agreement was signed in Colombo on Friday by […]

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Bankrupt Sri Lanka cannot use Beijing’s $1.5bn credit line due to Chinese IMF concerns

Dove: Bankrupt Sri Lanka cannot tap a $1.5 billion line of credit from China as the Chinese fear the International Monetary Fund will force repayment delays. “There is a condition regarding the months of import cover that we need to be able to tap into this money,” Indrajit Coomaraswamy, who advises the Sri Lankan government, […]

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COPE recommends purchase of drugs with funds from Indian line of credit, other sources

CPS officials appear before COPE to discuss drug shortage Committee finds that only $55.5 million has been used as of April 22, out of a total of $200 million allocated under the ICL for drugs COPE president says drug shortage was due to management inefficiency more […]

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NMB secures EUR 12.5m line of credit from EIB

A bank listed on the ZSE, the NMB received a credit facility of 12.5 million euros from the European Investment Bank (EIB) intended for loans to the private sector with an exclusive orientation towards exporters over a period of seven years. The EIB facility, which is the lending arm of the 27-member European Union, is […]

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SDB Bank Partners with AfDB for Line of Credit for SMEs and Smallholder Tea Farmers Financial News

SDB Bank recently launched a joint initiative with the Asian Development Bank (AfDB) to provide Line of Credit (LoC) to selected Small and Medium Enterprises (SMEs) in Sri Lanka, including those run by women, are the first – borrowers on time, who lack sufficient collateral and those outside […]

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IMF Approves New Two-Year $5.4 Billion Flexible Credit Line for Peru | News | ANDEAN

The Executive Board of the International Monetary Fund (IMF) has approved a new two-year arrangement for Peru under the Flexible Credit Line (FCL) – designed for crisis prevention – for an amount equivalent to 4 .0035 billion SDRs (about $5.4 billion) . In addition, the IMF noted Peru’s cancellation of the previous agreement in the […]

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IMF Approves New Two-Year $5.4 Billion Flexible Line of Credit Agreement for Peru

The IMF today approved a two-year successor arrangement for Peru under the Flexible Credit Line (FCL), designed for crisis prevention, of approximately $5.4 billion. Peru qualifies for the FCL because of its very strong economic fundamentals and institutional policy frameworks, its track record of implementing very strong policies, and its commitment to maintaining those policies. […]

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How To Get A Line Of Credit Increase From Bank Of America – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. The amount a credit card holder can spend on a card is called the credit line limit or credit limit. Cardholders can request a credit limit increase at any time, but increases […]

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EIB Board of Directors approves €4 billion credit line and EMBRACE advisory platform to support the integration of Ukrainian refugees in EU countries – World

The €4 billion credit line aims to support EU Member States hosting people fleeing Russia’s unwarranted invasion of Ukraine and to develop vital public infrastructure for refugees and communities in homepage. Board approval follows EIB engagement at global fundraising event ‘Stand Up for Ukraine’ The credit line will be complemented by the EMBRACE advisory platform, […]

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BNP Paribas to provide carbon-linked credit line to Ant Group

BNP Paribas will provide a revolving sustainability-linked line of credit to Ant Group, verifying the Chinese company’s green credentials through a blockchain-based carbon management platform. As part of this agreement, BNP Paribas will offer Ant Group revolving lines of credit with a “two-way interest rate adjustment mechanism” linked to a number of SPTs (Sustainability Performance […]

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Talks set for India to restructure $1.3bn credit line to Sri Lanka

Standard & Poor’s downgraded Sri Lanka’s long-term sovereign currency credit rating to selective default Topicssri lanka | Economic crisis | ready Abhijit Lele | Bombay Last Updated May 13, 2022 00:48 IST India will hold talks with Sri Lanka to restructure the island nation’s $1.3 billion line of credit (LOC), seeking […]

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Rule change allows airport authority to continue to use $1M line of credit

At its regular meeting on May 9, the board gave three unanimous readings of a bylaw amendment that would extend the line of credit repayment deadline from April 30 to October 31. The Moose Jaw Municipal Airport Authority can access its $1 million Line of Credit (LOC) for an additional five months after receiving the […]

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Stashfin Introduces Line of Credit Card for Women – Check Features

The neo-banking platform Stashfin presents #LiveBoundless – a line of credit card specially aimed at women. On the heels of new value propositions on its Credit Line Card, the platform is bringing the #LiveBoundless card which aims to give women greater financial freedom. Counted among India’s leaders in the neo-banking space, Stashfin’s #LiveBoundless card offers […]

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Assad signs Iranian line of credit to supply Syria with energy

Syrian President Bashar al-Assad signed an Iranian line of credit during a surprise visit to Tehran on Sunday, local Syrian media reported. The official Syrian News Agency (SANA) said Assad had signed a “new phase” of the credit line, which included supplying Syria with energy and other basic materials to fill the shortage. A line […]

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Italy’s TIM on track to secure state-guaranteed line of credit – sources

Band Giuseppe Fonte, Valentina Za and Elvira Pollina ROME, May 10 (Reuters) – Telecom Italy TLIT.MI is on track to secure state guarantees on a credit facility worth up to 3 billion euros ($3.2 billion) with a preliminary green light expected on Wednesday, three people familiar with folder. State-guaranteed loan would strengthen TIM’s position TLIT.MI […]

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Expion360 apartment on extended line of credit

Shares of Expion360, Inc. (NASDAQ:XPON) were slow to rally on Tuesday as the industry leader in lithium batteries and accessories for recreational vehicles (RVs), outdoor and marine applications , secured a $300,000 line of credit from GM Financial to expand its fleet of mobile product demonstration vehicles and sales force. Expion360 will initially […]

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Avant credit card: a small line of credit for those with limited credit

The Avant credit card is one of the most basic credit cards. It doesn’t offer a lot of benefits, and it’s designed for those who have fair credit – usually a FICO score between 580 and 669. Until you can win rewards, welcome bonus or travel benefits with this card you can build credit with […]

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Colombia: request for arrangement under the flexible line of credit and cancellation of the current arrangement

Colombia: request for arrangement under the flexible line of credit and cancellation of the current arrangement – press release; staff report; and Statement by the Executive Director for Colombia Publication date: May 2, 2022 Electronic access: Free download. Use the free Adobe Acrobat Reader software to view this […]

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Sri Lanka extends credit line with India as China voices support

A man counts Sri Lankan rupees at a currency exchange counter in Colombo September 4, 2015. REUTERS/Dinuka Liyanawatte/Files Join now for FREE unlimited access to Reuters.com Register COLOMBO, May 2 (Reuters) – Sri Lanka has extended a $200 million line of credit with India to secure emergency fuel stocks, the energy and water minister said […]

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Redbox Breathes New Life After Securing $50M Line of Credit, But CFO Kavita Suthar Gets Cut

Struggling Redbox Entertainment saw its share price more than double to around $9 a share following news that the company had secured a $50 million line of credit. Redbox, which is suffering a surprisingly faster decline in its core DVD/Blu-ray rental kiosk business than in streaming revenue development, also announced that chief financial officer Kavita […]

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Udaancapital partners with Northern Arc to extend line of credit to over 50,000 Kirana stores

udaanCapital, the fintech arm of e-commerce company udaan, has partnered with debt financier Northern Arc Capital and says it has facilitated the disbursement of credit to more than 50,000 kirana stores and small retailers. The fintech player enables retailers to make purchases for their stores from a wide range of vendors on the udaan platform […]

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Airport Authority Gets Board Approval to Continue Accessing $1M Line of Credit

The organization needed a bridge loan extension as their lining contract was “significantly delayed” last year. The Moose Jaw Municipal Airport Authority has been granted permission to continue accessing its line of credit so it can complete its $3.2 million renovation project at the airport. At its regular meeting on April 25, city council voted […]

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India extends additional $500m line of credit to Sri Lanka for fuel purchase

India has agreed to extend an additional $500m line of credit to help Sri Lanka import fuel, Finance Minister Ali Sabry has said, amid delays in drawing up a bailout plan with the IMF to alleviate the severe financial crisis facing the island nation. Sri Lanka is struggling to pay for […]

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Sri Lanka: India grants an additional $500 million line of credit to Sri Lanka for the purchase of fuel

India has agreed to extend an additional $500m line of credit to help Sri Lanka import fuel, Finance Minister Ali Sabry has said, amid delays in drawing up a bailout plan with the IMF to alleviate the severe financial crisis facing the island nation. Sri Lanka is struggling to pay for its imports after its […]

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Sri Lanka’s fragile health will be saved by India’s line of credit

Colombo– Suffering from an economic crisis with inflation and dried up foreign exchange reserves, Sri Lanka’s struggling healthcare with a major shortage of some of the most essential and life-saving medicines, India has once again come to the rescue of the island nation. The Sri Lankan government has admitted that orders for medicines and equipment […]

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SIERRA LEONE: Easy Solar obtains a $5 million line of credit for solar kits

Good news for Easy Solar. The company based in Freetown, the Sierra Leonean capital, obtains a credit line of 5 million dollars. The guarantee of funds in local currency (Leone) is provided by the Off-Grid Energy Access Fund (OGEF EIF) of the Energy Inclusion Facility. This loan fund primarily provides secured financing to support the […]

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Sri Lanka’s fragile health will be saved by India’s line of credit

Suffering from an economic crisis with inflation and dried up foreign exchange reserves, Sri Lanka’s struggling healthcare with a major shortage of some of the most essential and life-saving medicines, India has once again come to the rescue of the island nation. The Sri Lankan government has admitted that orders for medicines and equipment could […]

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Sri Lanka seeks second $500m line of credit from India to buy oil

Sri Lanka is seeking a second US$500 million line of credit from India as an existing line of credit is nearing completion. Sri Lanka quickly exhausted an existing US$500 million line of credit signed by India in february and is now seeking to sign a second US$500 million line of credit with the New Delhi […]

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Nexo launches the first card backed by a crypto line of credit with Mastercard and DiPocket

VILNIUS, Lithuania–(BUSINESS WIRE)–Nexo, the leading regulated institution for digital assets, today officially launched the Nexo Card, the first-of-its-kind crypto Mastercard card, in select European markets. For the launch, Nexo is partnering with Mastercard and DiPocket, giving its users access to cryptocurrency-powered liquidity at over 92 million merchant sites globally. The Nexo Card is the world’s […]

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Nubank secures $650m line of credit to boost international growth

Brazilian digital bank Nubank secured a $650 million line of credit to accelerate its growth in Mexico and Colombia. NuBank secures $650 million line of credit The funds come from a three-year local currency line of credit funded by multinational financial services giants Morgan Stanley, Citi, Goldman Sachs and HSBC. These institutions also acted as […]

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Fintech Nubank Secures $650M Line of Credit for Mexico and Colombia Expansion

Breadcrumb Links PMN technology PMN Company Author of the article: Reuters Garrison Cassandra Content of the article MEXICO CITY — Brazil’s Nubank, Latin America’s most valuable fintech, is fueling its expansion in Mexico and Colombia with the investment of a $650 million line of credit, the digital bank announced Monday. The new funds are a […]

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Arf launches stablecoin-based transactional working capital line of credit for ESMs worldwide

Traditionally, when a money services business (MSB) wants to send money from one country to another, it has to pre-fund the same amount in the receiving country, resulting in tied capital, high opportunity cost and operational inefficiencies. Moreover, since cross-border transactions are often considered risky, access to credit has always been a major problem for […]

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Sri Lanka Receives Another Diesel Shipment Under Indian Line of Credit

A consignment of 40,000 metric tons of diesel purchased as part of Indian aid through a $500 million line of credit arrived in Sri Lanka today (April 2). The diesel cargo was ceremonially handed over by Indian High Commissioner Gopal Baglay to Energy Minister Gamini Lokuge in Colombo. This is the fourth shipment of fuel […]

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Emergency Line of Credit Guarantee Scheme: Aviation, Hospitality to Earn from MSME Credit Extension

The government said on Wednesday it had widened the scope of its flagship guaranteed loan program and extended its validity by one year until March 2023, in line with budget announcements. The Ministry of Finance has also extended relief under the Rs 5 trillion Emergency Line of Credit Guarantee (ECLGS) scheme to hospitality, civil aviation […]

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EBID secures $100m line of credit from India’s Exim Bank to help private sector transformation

The President and Chairman of the Board of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Nana Donkor, and Mr. Subhasis Dhal, Managing Director of India Exim Bank, London, signed a line historic commercial credit agreement for an amount of 100 million dollars in the London office of India Exim Bank. The […]

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ECOWAS Bank for Investment and Development Secures $100 Million Line of Credit for Private Sector Transformation

Sierra Leone Telegraph: March 28, 2022: Dr. George Agyekum Nana DONKOR, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID) – (Photo)and Mr. Subhasis Dhal, Managing Director of India Exim Bank, on Thursday, March 24, 2022, signed a landmark commercial line of credit agreement in the amount […]

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SL oppn says ruling party is misusing India’s credit line to win polls

Colombo, March 27 (IANS): The Sri Lankan opposition and media report on Sunday alleged that the government was abusing the billion dollar short-term concessional loan facility offered by India to import food, medicine and other essential products to help party supporters win future elections. National media has reported that the credit facility provided by […]

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Small businesses benefited from an emergency line of credit guarantee program. Learn more about it here.

Collateral-free loans were provided to small businesses under an emergency line of credit guarantee program According to official data, as many as 117.87 lakh businesses have received 100% guaranteed unsecured loans under the Emergency Credit Line Guarantee Scheme (ECLGS) till March 11, 2022. Among them- here, around 95% were micro, small and medium-sized enterprises (MSMEs). […]

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Parliament approves €20m loan to finance green credit line

Parliamentarians in cabinet (file photo) Parliament has approved a €20 million loan agreement between the Government of Ghana and the German Development Bank Group, Frankfurt am Main, to finance the green credit line. The facility, which falls under the reform and investment partnership between the governments of Ghana and Germany, is expected to help reduce […]

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Sri Lanka in talks with China for $2.5 billion line of credit and loan

COLOMBO (Reuters) – China is considering offering a $1.5 billion credit facility to Sri Lanka and a decision is expected soon, a senior Chinese official said on Monday, as part of efforts to help the nation island in the midst of its worst economic crisis in decades. Chinese Ambassador to Sri Lanka Qi Zhenhong told […]

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Indian line of credit lifeline; 40,000 tonnes of diesel ready for distribution by Monday – The Island

Former Governor of CBSL, Dr. Coomaraswamy: “My generation has let the country down…” By Shmaindra Ferdinando Former Central Bank Governor Dr Indrajit Coomaraswamy said the failure of successive governments to manage spending since the country’s independence has caused the current economic instability. Sri Lanka has been plagued by a toxic combination of populist politics and […]

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Investors support the new DeFi protocol

Finance on blockchains is constantly being refined, with the aim of really taking on the banks. Prime Protocol, a decentralized prime broker that will work on multiple blockchains at once, raised $2.75 million in a round co-led by Arrington, Jump, and Framework, with participation from multiple angels. why is it important: As crypto-powered credit services […]

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HSBC issues line of credit for ACEN wind farm

The Philippines branch of Hongkong and Shanghai Banking Corp. ltd. (HSBC Philippines) has issued its first sustainable commercial letter of credit (LC) to support the completion of AC Energy Corp’s 160 megawatt (MW) Pagudpud wind turbine. (ACEN) Cultivate. Melina C. Concha, head of wholesale banking at HSBC in the Philippines, said the […]

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Sri Lanka to sign $1 billion line of credit with India to help pay for major imports

Sri Lanka’s finance minister will travel to New Delhi on Tuesday to sign a billion dollar line of credit to pay for essential imports of food and medicine, an official said on Monday, as the island nation grapples with its worst financial crisis in years. The island’s foreign exchange reserves have fallen 70% over the […]

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Reserve Bank of India issues notification to operationalize USD 500m conditional line of credit

COLOMBO (News 1st); The Reserve Bank of India (RBI) on March 10 issued a notification to operationalize the $500 million line of credit provided by India to Sri Lanka for the purchase of petroleum products, economic times reports. The Export-Import Bank of India (Exim Bank) concluded a pact with Sri Lanka on February 2 to […]

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Reserve Bank of India issues notification regarding $500m line of credit for Sri Lanka

The Reserve Bank of India (RBI) on Thursday issued a notification to initiate the $500 million line of credit provided by India to Sri Lanka, to finance the purchase of petroleum products. On February 2, the Export-Import Bank of India (Exim Bank) entered into an agreement with the Sri Lankan government to provide a USD […]

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Lanka set to finalize another line of credit for essential items with India

Colombo, March 9 (PTI) Sri Lanka is set to finalize another credit facility with India for food, medicine and other essentials that would help the island nation cope with the worst economic crisis for decades, official sources said on Wednesday. Sri Lanka is currently reeling from a severe currency crisis with declining reserves. The country […]

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Amazon Seller Working Capital Loans – Launched Low Approval Line of Credit in 48 Hours

Trusted commercial lender Sellers Funding has expanded its low-interest loan services to provide working capital and daily advance loans to Amazon, Shopify, Walmart and other e-commerce vendors and vendors. Aldie, United States – March 5, 2022 — SellersFunding now offers business loans and low-APR lines of credit to help Amazon Shopify, Walmart, and other e-commerce […]

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Zero Interest Line of Credit for Small Businesses Launch of Best Term Loans / Merchant Services

Prestige Business Financial Services LLC, contacted at 1-800-622-0453, has expanded its services to businesses of all sizes and now offers over 30 different financing and passive income programs. Honolulu, United States – March 4, 2022 — With the recent expansion, Prestige Business Financial Services offers comprehensive financing solutions, combining business and personal financing with wealth […]

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£50m line of credit increase for lender

SME funder Reward Finance Group has received a £50m boost to its credit line from alternative investment manager Foresight Group. Reward says he is now looking to double the size of his business over the next three years, aided by his regional expansion program and the launch of more financing products. The new facility brings […]

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Govt. expects to finalize US$1 billion line of credit from India after Basil’s visit – Business News

State Minister Semasinghe says SL is talking with ME banks for US$2 billion By Yohan Perera and Ajith SiriwardanaState Minister for Household Economics, Microfinance, Employment and Business Development, Shehan Semasinghe, answering a question posed by opposition leader Sajith Premadasa yesterday, confirmed that Discussions are currently underway with India […]

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Deterra Royalties CEO Says Increased Credit Line Supports Mid-Term Investment – Interview

By Rhiannon Hoyle The greatly increased credit limit of Deterra Royalties Ltd. forces the 16-month-old company to buy more royalties, though it’s in no rush to make new investments, its chief executive said. The Australian-listed company, which derives the bulk of its revenue from royalties from the iron ore operations of BHP Group Ltd., said […]

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Sri Lanka set to receive Pakistan’s $200m line of credit after top-level visit – sources

ECONOMYNEXT – Sri Lanka is likely to receive a US$200 million line of credit from Pakistan for essential foodstuffs, rice and cement, sources familiar with the deal have said as the island nation grapples with a serious currency crisis. “It is likely to be signed when a Sri Lankan leader visits Pakistan, possibly before the […]

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Covid-19: the EIB opens a credit line of XAF 7.8 billion for Cameroonian SMEs

(Business in Cameroon) – The European Investment Bank (EIB) announces that it has approved the opening of a credit line of 12 million euros (7.8 billion XAF) with Commercial Bank Cameroon (CBC). The announcement was made during the EU-Africa Business Forum (EABF) organized ahead of the 6th EU-AU Summit which was launched on 17 February […]

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Update on Pakistan’s $50m Defense Line of Credit for Sri Lanka

Pakistan’s Ministry of Finance (MoF) has advised its Ministry of Defense Production (MoDP) to seek Economic Coordination Committee (ECC) or Cabinet approval to establish a $50 million defense line of credit for Sri Lanka. According to Pakistani media, the Ministry of Defense Production has been instructed to seek approval from the ECC before starting negotiations […]

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Why this fintech startup launched India’s first UPI-based credit line for students

When Aman Bhayana, an engineer graduate from Vellore Institute of Technology (VIT), was considering starting something for people his age in the fintech industry, he realized that most of his peers weren’t using Cards. Instead, they opted for UPI-based solutions. Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single […]

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Sitharman discusses $1 billion line of credit from India

(News 1st); Finance Minister Nirmala Sitharaman and Sri Lankan High Commissioner Milinda Moragoda discussed on Friday (11) the finalization of a $1 billion line of credit to be provided by India to the island nation to purchase essential items to overcome an economic crisis. Moragoda met with Sitharaman and conveyed to him Sri Lanka’s appreciation […]

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Crédit Agricole’s non-revolving line of credit is among the top 3 best loans for business development…

Crédit Agricole’s non-revolving line of credit ranked third in the “Best Business Development Loans” category based on Prostobank Consulting’s rating for 2021. This product offers clients the opportunity to not only implement new projects, but also to expand existing commercial capacities. move to a new level of business development. The cost of credit varies from […]

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Emergency Line of Credit Guarantee Scheme: Center provides Rs 2222 Cr to J&K MSMEs to offset COVID-related losses

Srinagar: After years of struggle, Mukhtar Ahmad, 34, launched the Plaster of Paris (PoP) manufacturing unit in 2018. He borrowed huge loans from banks to procure the raw material. He launched a promotional campaign to market his product in the valley. In 2019, his business suffered huge losses. He was struggling to pay the monthly […]

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EBRD opens credit line to Lovćen Bank to support SMEs in Montenegro

Regional today Friday, February 4, 2022, 2:00 p.m. The European Bank for Reconstruction and Development announced that it has launched a new €4 million credit line to Lovćen banka AD Podgorica (Lovćen Bank) to support the competitiveness of small and medium-sized enterprises (SMEs) in Montenegro. In the form of working capital lines and investment loans, […]

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Sri Lanka signs $500m fuel line of credit with India

Published: 03 February 2022 10:33:43 Sri Lanka on Wednesday signed a $500 million line of credit with India to import fuel, officials said, as the island nation seeks to avoid power cuts amid a currency crisis that has hampered purchases of diesel for power plants, reports Reuters. The Export-Import Bank of India (EXIM) will provide […]

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Sri Lanka signs $500m fuel line of credit with India

COLOMBO, Feb 2 (Reuters) – Sri Lanka on Wednesday signed a $500 million line of credit with India to import fuel, officials said, as the island nation seeks to avoid power cuts in a context of currency crisis which hampered purchases of diesel for power plants. The Export-Import Bank of India (EXIM) will provide the […]

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Sri Lanka to sign $500m line of credit with India on February 2

Through PTI COLOMBO: Sri Lanka will formally sign an agreement with India on Wednesday for a $500 million line of credit, which would help finance fuel purchases at a time when the country faces its worst financial and energy crisis in decades. decades. Last month, the Indian High Commission here said External Affairs Minister S. […]

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Sri Lanka to sign deal with India for $500m line of credit that will help Lanka tackle its energy crisis

Colombo, Feb 2 (PTI) On Wednesday, Sri Lanka will officially sign an agreement with India for a $500 million line of credit, which would help finance fuel purchases at a time when the country is facing its worst financial and energy crisis for decades. Last month, the Indian High Commission here said External Affairs Minister […]

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Emergency Line of Credit Guarantee Program Extended to March 2023

The Center had launched the program in view of the Covid-19 pandemic New Delhi: Union Finance Minister Nirmala Sitharaman in her 2022 budget speech announced the extension of the Emergency Credit Line Guarantee (ECLGS) scheme until March 2023. Presenting her fourth budget, Ms. Sitharaman said the coverage of the scheme would be extended from Rs […]

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Budget 2022: extension of the credit line scheme for small businesses | Latest India News

Guaranteed coverage will be extended from ₹50,000 crore to a total of ₹5,000,000,000 with the most recent focus on sectors such as hospitality NEW DELHI: Finance Minister Nirmala Sitharaman announced in the budget on Tuesday that the Emergency Line of Credit Guarantee (ECLGS) program for small businesses will be extended for one year until March […]

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Sirik power plant construction ramps up with Russian credit line

Russia has allocated a line of credit worth $1.4 billion for the construction of the Sirik power station in Sirik county, Hormozgan province, which will speed up the process.The awarding of the credit line came after Iranian President Ebrahim Raisi met his Russian counterpart Vladimir Putin in Moscow earlier this month when they discussed economic […]

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$3.6bn fuel line of credit in Oman dropped with conditions – Reuters

The government has decided not to proceed with the proposed $3.6 billion fuel line of credit with Oman due to certain conditions of the agreement. “While we discussed the terms of the deal at length, there were some concerns related to the terms. Therefore, at this stage, Oman’s proposal has become an inactive proposal,” co-cabinet […]

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RAI says there is a need for an emergency line of credit guarantee scheme for commercial establishments

Retailer RAI’s body said on Tuesday that there was a need to set up the Emergency Line of Credit Guarantee Scheme (ECLGS) for commercial establishments in the sector, which have been impacted by COVID-related restrictions. 19. In its budget wish list, the Retailers Association of India (RAI) also said more money needed to be put […]

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RAI says there is a need for an emergency line of credit guarantee scheme for commercial establishments

Retailer RAI’s body said on Tuesday that there was a need to set up the Emergency Line of Credit Guarantee Scheme (ECLGS) for commercial establishments in the sector, which have been impacted by COVID-related restrictions. 19. In its budget wish list, the Retailers Association of India (RAI) also said more money needed to be put […]

Credit line

Nanologica: signs a line of credit with the main owner

Nanologica AB has signed a credit line of up to MSEK 50 with the main owner of the company, Flerie Invest AB. The objective is to cover the company’s temporary financial needs while waiting for the cash flows expected from the preparative chromatography activity, in order to meet the requirement of continuity of operation for […]

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India offers $500m fuel line of credit to cash-strapped Sri Lanka

India has offered a new $500 million line of credit to Sri Lanka to finance fuel purchases, the Indian High Commission in Colombo said on Tuesday, as the island struggles to manage its worst financial crisis in decades. years. The line of credit, which had been under negotiation since August 2021, will ease pressure on […]

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India offers $500m line of credit to Sri Lanka for fuel

India has offered a new line of credit (LC) of $500 million to Sri Lanka for the purchase of petroleum products. India’s Foreign Minister, Dr S. Jaishankar, gave this vital support in his letter to Sri Lanka’s Foreign Minister, Prof GL Peiris, the Indian High Commission in Colombo said today. “It should be recalled that […]

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LazyPay launches card with line of credit, 5% cash back, FD Booster and more benefits. Know the details

PayU Finance’s Buy Now Pay Later (BNPL) service, LazyPay, has partnered with SBM Bank India to deepen its arms in the card segment and launched the LazyCard, a prepaid payment-based instrument backed by a line of credit. The LazyCard will be supported by Visa and will refine a strong structure of rewards and offers. The […]

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NBF Announces Reduced Operating Line of Credit for Regenerative Agriculture Practitioners

Farmers who adopt regenerative farming practices could benefit from a reduced interest rate for a financial operating line of credit from the Farmers Business Network (FBN), the FBN announced on January 11. The FBN Regenerative Agriculture Finance Fund line of credit will replace traditional operating loans with a one-year line of credit that includes a […]

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PH to Re-Access $ 500 Million World Bank Disaster Line of Credit

Read this in the digital edition of the Manila Times. The Ministry of Finance (DoF) said the government would once again have access to the World Bank’s $ 500 million (around P24.96 billion) loan line for the reconstruction of areas affected by typhoon “Odette “. “Within a week, we will draw another 120 million dollars […]

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Sri Lanka seeks $ 1.5 billion Indian credit line amid crisis

Governor of the Central Bank of Lanka Ajith Nivard Cabraal revealed, Sri Lanka has requested a $ 1 billion line of credit for essential imports and a $ 500 million line of credit for oil imports from India to weather the economic crisis. During the recent visit of Lankan Finance Minister Basil Rajapaksa in India […]

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India wants Sri Lanka line of credit and Trincomalee oil farm deal progress in tandem – The Island

Shares of LOLC General Insurance (CODE: LGIL-N-0000) have started trading on the Colombo Stock Exchange (CSE). The shares were listed on the board of directors of Diri Savi of the CSE under the sector “P&C Insurance”. The occasion was marked with a special bell ringing ceremony. Representative LOLC General Insurance Limited (LGIL), Managing Director Mr. […]

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Saudi Arabia conditions Tunisian credit line to IMF requirements

Saudi Arabia is willing to provide Tunisia with a financial facility to support the 2022 state budget, but on condition that the North African country meets International Monetary Fund (IMF) requirements for a restructuring plan , reports Business News. Malek Zahi, Tunisian minister of social affairs, who was in the Gulf country last week for […]

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Line of credit: Sri Lanka seeks $ 1.5 billion Indian line of credit to overcome crisis

Sri Lanka has requested a $ 1 billion line of credit for essential imports and a $ 500 million line of credit for oil imports from India to weather the economic crisis, ET told the Governor of the Lankan Central Bank, Ajith Nivard Cabraal. During Lankan Finance Minister Basil Rajapaksa’s recent visit to India to […]

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Ranil urges the government. Speed ​​up line of credit with India before hunger riots break out – The Island

No agrochemical imports yet, only a fraction of liquid fertilizers received By Shamindra Ferdinando The government lifted the ban on importing agrochemicals well over a month ago, but the country has yet to receive much-needed supplies of fertilizer. The president’s office announced on November 22 the end of the ban on imports of agrochemicals introduced […]