Global Trade Alert
Global Trade Alert

India: Loan to Maldives for development projects with the condition to source inputs from India

Announcement

20 Mar 2019

India extended funding to Maldives for developmental projects.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

20 Mar 2019

Revocation date:

No revocation date

Updated: 20 Mar 2019
Local value added incentive In force

The credit agreement for this line of credit will potentially require that Maldives source at least 75% of the contract price of goods and services associated with the project from India.

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Updated: 20 Mar 2019
Trade finance In force

The Export-Import Bank of India (EXIM Bank), on behalf of the Government of India, extended a Line of Credit of USD 800 million to the Government of Maldives for financing developmental projec...

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