India's concessional Lines of Credit: over US$ 26 billion to nearly 62 countries

Background

Development assistance in the form of concessional Lines of Credit (LOCs) is extended by the Government of India under the Indian Development and Economic Assistance Scheme (IDEAS) through the Exim Bank of India.
In total, more than 260 LOCs worth over US$ 26 billion have been extended to nearly 62 countries across the world.
These LOCs cover around 600 projects in sectors like railways, roads, agriculture, industry, airport, sports stadiums, port, hospitals, disaster management, hydroelectricity, power transmission and Information Technology.
In keeping with the high priority attached to neighbouring countries under India's Neighbourhood First Policy, India has extended LOCs worth US$ 7.86 billion to Bangladesh, more than US$ 2 billion to Sri Lanka, US$ 1.43 billion to Maldives, over US$ 1 billion to Mauritius, US$ 750 million to Nepal and US$ 745 million to Myanmar.
More than 160 LOCs worth nearly US$ 10 billion have gone to Africa and around 60 LOCs to Asia.
Commitment across Latin America stands above US$ 715 million, and that to Oceania and the Commonwealth of Independent States at around US$ 155 million each.