India’s cofinancing partnership with ADB is through the Export–Import Bank of India (India EXIM Bank) through the Asian EXIM Banks Forum (AEBF), where India EXIM Bank has been a regular member since 1996. ADB sponsored training programs for AEBF members and observers in India hosted by the India EXIM Bank, including Country Risk Analysis (2011), Overseas Investment Finance (2012), Accessing Capital Markets (2013), Infrastructure Financing (2016), and Buyer’s Credit (2017).
Government-owned India EXIM Bank, established in 1982, is designed to finance, facilitate, and promote India’s foreign trade. The bank has been both a catalyst and a key player in promoting cross-border trade and investment and plays a significant role in partnering with Indian industries.
Nonsovereign cofinancing. The Trade and Supply Chain Finance Program (TSCFP) supported over 750 transactions valued at $1 billion with banks domiciled in India from inception to December 2022. During the same period, the TSCFP supported over 3,070 Indian exports and/or imports valued at $1.2 billion. In 2022 alone, the TSCFP supported 261 transactions valued at $278.8 million with banks domiciled in India and supported 736 Indian exports and/or imports valued at $244.2 million. Exports and/or imports were mainly to/from Bangladesh, Viet Nam, and Sri Lanka. Underlying goods involved mostly raw and non-energy commodities, food and agriculture-related goods, as well as textiles and apparel.
Special funds. India contributes to ADB special funds where contributions from financing partners are administered with the same level of care as ADB’s own resources. Since becoming a member in 1966, India has committed a total of $127.6 million to special funds, of which $104.7 million went to the Asian Development Fund (ADF). The ADF provides grants to ADB’s low-income developing member countries to promote poverty reduction and improvements in the quality of life.
Project Map
