Current Affairs - International - Discussion
Discussion Forum : International - Latest Current Affairs (Q.No. 16)
16.
Which African nation is set to receive a USD 200 million Line of Credit from India to support its defence modernisation efforts?
Answer: Option
Explanation:
Angola is the African nation partnering with India to strengthen cooperation in defence and energy sectors. India is finalising a USD 200 million Line of Credit to assist Angola’s defence modernisation, reflecting growing strategic and developmental ties. The two countries are also expanding their USD 5 billion energy partnership, primarily driven by oil trade, which plays a crucial role in India’s energy security. This collaboration aligns with India’s broader South-South cooperation framework, aimed at fostering sustainable development, capacity building, and mutual growth with partner nations across Africa and the Global South.
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