India Extends $500 Million Credit Line for Guyana
External Affairs Minister Jaishankar met Guyanese President Mohamed Irfaan Ali on the sidelines of the Commonwealth Heads of Government Meeting. India announced an extension of a $500 million line of credit for Guyana.
Context
A line of credit is a loan that lets the borrower fund projects, often infrastructure, using money from the lender. Guyana is a South American nation, and India has been expanding its ties with Caribbean and Latin American countries.
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