Ex-Im Bank signs MOU with ICICI Bank

The $500m MOU will allow for cooperation on financing projects between India and US.

According to EQ International, the Export-Import Bank of the United States' $500 million Memorandum Of Understanding (MOU) with ICICI Bank is for cooperation on financing projects beneficial to both India and the United States.

The report says up to $500 million in new transactions could be financed as a result of the initiative.

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