Exim Bank's Government of India supported Line of Credit (LoC) of USD 400 million to the Government of the Republic of Maldives

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....of the Republic of Maldives Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 12, 2020 with the Government of the Republic of Maldives, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 400 million (USD Four Hundred million only) for the purpose of undertaking the Greater Male Connectivity - (Male' to Thilafushi Link) p....

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....iod is 60 months after the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners' Foreign Currency A....