Export-Import Bank of India (India Exim Bank) has signed an Issuing Bank Agreement with Golomt Bank, Mongolia, under India Exim Bank’s Trade Assistance Program (TAP), for supporting trade transactions. The agreement was signed by Tarun Sharma, Dy Managing Director, India Exim Bank, and A. Odonbaatar, CEO, Golomt Bank on the sidelines of the Asian Development Bank (ADB) Annual Meetings at Samarkand, Uzbekistan.

Under TAP, India Exim Bank provides credit enhancement to trade instruments, thereby augmenting the capacity of commercial banks/financial institutions to undertake cross-border trade transactions involving markets where trade lines are constrained, or where the potential has not been harnessed. As per Government of India sources India’s total trade with Mongolia stood at around USD 36.9 million in FY 2026.

India Exim Bank has supported multiple trade transactions with several countries in Asia, Africa, Latin America, among others under TAP, covering a wide range of sectors including agriculture, automotive parts, capital and engineering goods, food, iron & steel, textiles, among others. With the increasing diversification of India’s global trade towards developing countries, African countries have emerged as significant trade partners for India.

Published Date:2026-05-08