Exim Bank to supply USD 400 mn funding for Maldives

The Export-Import Bank of India (Exim Bank) will present USD 400 million to the Maldives via Line of Credit (LoC) to fund the Greater Male Connectivity Project. The settlement below the LoC will likely be efficient from January 28, 2021.

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The 6.7 km Greater Male Connectivity Project (GMCP) would be the largest civilian infrastructure undertaking within the Maldives, connecting Male with three neighbouring islands – Villingili, Gulhifahu and Thilafushi. The Government of India will likely be funding the implementation of a serious connectivity undertaking within the Maldives via a USD 400 million strains of credit score and USD 100 million grant.

Important takeaways for all aggressive exams:

  • Export-Import Bank of India CEO: David Rasquinha.
  • Export-Import Bank of India  Founded: 1 January 1982.
  • Export-Import Bank of India Headquarters: Mumbai, Maharashtra.
  • President of the Maldives: Ibrahim Mohamed Solih.
  • Capital of Maldives: Male; Currency of the Maldives: Maldivian Rufiyaa.

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