Both the institutions also signed an agreement for funding Indian consultants in these countries.

A line of credit to PTA Bank will facilitate export of capital, engineering and industrial goods, consumer durables and related services required for projects financed by PTA Bank.

Exim Bank has extended country-specific lines of credit aggregating $10 million to Industrial Bank of Kenya for financing Indian exports to Kenya.

The new co-operation agreement will enable the two institutions to collaborate in promoting trade and investment flows between India and PTA Bank member countries.

The agreement will enable PTA Bank to source Indian consultants for PTA Bank-funded projects in its member countries.

Exim Bank will part-finance suchassignments by way of fees payable to Indian consultants. The agreement also envisages co-operation by way of exchange of information on trade and investment opportunities, training facilities and other promotional activities.

During the last five years, Indian companies have participated in bids worth Rs 262 billion with Exim Bank's aid and secured contracts worth Rs 40 billion.

Exim Bank has arrangements with International Finance Corporation to provide consultancy needed for private sector development in Africa. These arrangements are with African Project Development Facility, African Management Services Company and Enterprise Support Service for Africa.

The agreements were signed by YB Desai, managing director at Exim Bank, and Martin Ogang, president at PTA bank.