Despite speculations that the incoming government of the Maldives will be pro-China, and push out India’s assistance, EXIM Bank is certain that the India-funded developmental projects in the Maldives will not face interruptions.
“We believe the decisions will be very rational and we are supporting (the) country’s development. I am very optimistic on support to be continued in the current fashion. So at this point of time, I don’t have any specific concern to mention as such,” said N. Ramesh, the Deputy Managing Director of EXIM Bank.
EXIM Bank extends lines of credit to India’s neighbors and friendly countries overseas for infrastructure and development projects. The bank’s exposure to Maldives is currently about USD 1.4 billion.
India contractors are currently engaged in the development of airports in HDh. Hanimaadhoo and Gan, the Thimale’ Bridge project under the Greater Male’ Connectivity Project and the development of Gulhifalhu Port.