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With the signing of the LOC Agreement, Exim Bank, till date, has extended 6 Lines of Credit to the government of the Republic of Maldives, on behalf of the government of India, , exim bank, LOC trade, Maldives-India
Read more about Exim Bank extends line of credit worth $50 million to the Maldives on Business Standard. The credit line is for financing of defence projects in the country
Exim Bank extends line of credit worth $50 million to Maldives to fund defence projects SECTIONS Last Updated: Feb 22, 2021, 05:14 PM IST Share Synopsis An amendatory agreement for repurposing an existing LOC of USD 40 million to include road projects in Maldives was also signed between Exim Bank and Maldives government last week, a release said. With the signing of the agreement, the bank, till date, has extended four LOCs to Maldives, on behalf of the Indian government, taking the total value of LOCs to USD 1,290 million. Agencies Exim Bank has now in place 268 LOCs, covering 62 countries i...