The credit agreement was signed on Monday in Male between Exim Bank Chief Executive Nirmit Ved and Maldives Finance Minister Ibrahim Ameer. By signing the above-mentioned agreement, Exim Bank, on behalf of India, has so far extended three loCs to the Maldives with a total value of $1.2 billion. By signing the above-mentioned agreement, Exim Bank, on behalf of India, has so far extended three loCs to the Maldives with a total value of $1.2 billion. JAKARTA, Nov 19 (Reuters) – Indonesia and the U.S. Export Import Bank have signed an infrastructure and trade finance agreement worth US$750 million, the Indonesian embassy in Washington said in a statement. The credit agreement was signed on Monday in Male between Exim Bank Chief Executive Nirmit Ved and Maldives Finance Minister Ibrahim Ameer. In addition to promoting Indian exports, LoCs allow Exim Bank to demonstrate Indian expertise and project execution capabilities in emerging countries, it was said. Exim Bank said soft loans in the Maldives have financed connectivity, water, sanitation projects, addu development project, international cricket stadium, Gulhifalhu port, Hanimaadhoo airport and road works. .

Press Trust of India | New Delhi Last updated on October 12, 2020 19:01 IST Exim Bank now has 266 loCs covering 62 countries in Africa, Asia, Latin America and the Commonwealth of Independent States (CIS) and providing about $26.40 billion in loans to finance exports from India. . Indonesian officials are currently visiting the United States to promote the government`s new job creation law, which aims to simplify operations in the Southeast Asian country. India has granted the Maldives, through Exim Bank, a loan of US$400 million (about Rs 2,932 billion) through Exim Bank, to finance a connectivity project in the islands, it said in a statement on Monday. Our standards: Thomson Reuters Trust Principles…