Exim Bank to provide USD 400 mn funding for Maldives

The Export-Import Bank of India (Exim Bank) will provide USD 400 million to the Maldives through Line of Credit (LoC) to fund the Greater Male Connectivity Project. The agreement under the LoC will be effective from January 28, 2021.

WARRIOR 5.0 Batch for SBI, RRB, RBI and IBPS Exams Banking Awareness Online Coaching | Bilingual

The 6.7 km Greater Male Connectivity Project (GMCP) will be the largest civilian infrastructure project in the Maldives, connecting Male with three neighbouring islands – Villingili, Gulhifahu and Thilafushi. The Government of India will be funding the implementation of a major connectivity project in the Maldives through a USD 400 million lines of credit and USD 100 million grant.

Important takeaways for all competitive 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.

Find More Business News Here

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

[adda247_lead_form]

Leave a comment

Your email address will not be published. Required fields are marked *