India to Provide $100 Million Credit Line to Mali, PTI

India will provide a line of credit worth $100 million (about Rs 520 crore) to Mali for helping the western African nation to expand its energy sector. The agreement for the financial assistance to Mali was signed in New Delhi between Exim Bank's Chairman and Managing Director T C A Ranganathan and Mali's Minister for Foreign Affairs and International Cooperation Soumeylou Boubeye Maiga. It was signed in the presence of Prime Minister Manmohan Singh and visiting Mali President Amadou Toumani Toure. It is for the second time that India is extending credit line to Mali. Credit of $125 million was given in 2008. The bilateral trade between India and Mali stood at $76.9 million.