Dossier
Exim Bank Export Finance Scheme (E-EFS)
Coverage of Exim Bank Export Finance Scheme (E-EFS) in the Nexus archive.
- Here it comes
The government approved Rs255 billion in subsidies for exporters, potentially violating IMF program commitments that prohibit new fiscal incentives. Two schemes, the Long-Term Export Growth Financing Facility and the repackaged Exim Bank Export Finance Scheme (E-EFS), breach IMF restrictions on subsidies and guaranteed returns, despite claims of compliance with quantitative caps.