Bolivian companies to benefit from $100m credit line - leatherbiz: Lea Leatherbiz

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Bolivian companies to benefit from $100m credit line from India

20/04/2016
An Indian bank is to make credit of up to $100 million available to companies in Bolivia. The aim of the credit facilities, which will come from Mumbai-based Exim Bank of India, is to strengthen trade links between the two countries.

Bolivia’s exports to India had a value of $196 million in 2015, which represents a major step-up from the 2014 total of a mere $2.5 million, but is still a long way short of the levels of trade neighbouring Peru is achieving with India.

Hides are among the 12 products Bolivia is exporting to India at the moment and, with the new credit lines in place, leather-sector companies in the South American country could have a good opportunity to increase business in that part of the world. Bolivian companies tapping into the $100 million credit facility will have up to seven years to repay loans.



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