‘India joining African regional bank will strengthen ties’
India’s Exim Bank, the largest provider of lines of credit to Africa, is set to join a regional bank that will not only ensure greater capital but also help improve commercial ties, an official said.
“It is a proposition that has been considered by our colleagues in India and I think it is a matter of time before they take a decision. But there is no specific timeframe for India to come in,” Admassu Tadesse, president of the Eastern and Southern African Trade Development Bank (PTA Bank), told IANS.