Exim Bank India Expands Credit Limit For Maldives

The Indian Export Bank (Exim Bank) renewed the credit limit (LOC) worth $ 40 million to the Maldives government to provide financing for the development of sports infrastructure instances. / 00 0: 59 Nam Nu Nam With this move, Exim Bank has so far on behalf of the Indian government to expand 5 loc to Maldives, bringing the total value of the LOC to 1.33 billion USD. The projects are mentioned In these loc locus in Maldives including housing projects, the project connecting "Greater Male", water supply and drainage project, development project, international cricket stadium project, road construction and infrastructure Sports. Exim Bank currently has 276 loc, covering 62 countries in Africa, Asia, Oceania, Latin America

... with credit commitments about 27 02 billion USD, ready to sponsor Export from India. Government agency, with such loans, also helps to prove India's expertise and ability to implement projects in emerging markets ./. Tien Hien (P / V VNA in New Delhi)

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