The government of Maldives and Exim Bank has signed a credit line agreement which is worth USD 800 million.
The agreement was signed by the Minister of Finance, Mr Ibrahim Ameer and The Chief General Manager of Of Exim Bank.
The Finance Minister stated that, under the agreement, Maldives is to showcase developments according to the strong agendas. Some projects include implementing water and sewage development for 30 islands. Currently, some of the details of work feasibility have been shared with the Exim Bank and the Government of India. The manual work is expected to commence soon, according to the agreement.
Ms Aishath Mohamed Didi represented the Maldives to India at the signing ceremony at the Finance Ministry, alongside the senior management of Exim.