Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

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ACTIVITIES OF EXPORT IMPORT BANK OF INDIA IN LATIN AMERICA AND CARIBBEAN REGION

The Export-Import Bank of India (India Exim Bank) was set up under an Act of Parliament in 1981 and commenced operations in 1982. The Bank was set up for providing financial assistance to exporters and importers, and for functioning as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country’s international trade. In its endeavour to promote India’s international trade, India Exim Bank’s vision has evolved from financing, facilitating and promoting trade and investments, to a conscious and systematic effort at creating export capabilities. India Exim Bank today seeks to develop commercially viable business relationships with externally oriented companies. In line with the Government of India’s focus, the Latin America and the Caribbean (LAC) region has been a focus region for India Exim Bank, and thus a critical component of its strategy to promote and support two-way trade and investment flows. India Exim Bank’s commitment towards building relationships with the LAC region is reflected in the various activities and programmes, which India Exim Bank has set in place. India Exim Bank plays a critical role and is committed towards supporting GOI’s initiatives in promoting strategic partnerships with countries in different regions and especially those in the LAC region. This is achieved through continuous engagement with partner countries at bilateral, regional and multilateral levels, and financing and supporting of projects of national importance, thereby strengthening India’s role as a development partner in the region. India Exim Bank has representative office in Washington D.C., which play a key role in facilitating economic cooperation with the region, and is closely associated with several of the Bank’s initiatives. The representative office interfaces with institutions such as Inter-American Development Bank (IDB), Washington D.C.; Banco Nacional de Desenvolvimento Economico e Social (BNDES), Corporacion Andina De Fomento (CAF), Venezuela; Banco de Inversion Y Comercio

India Exim Bank in the CARIFORUM Countries

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