Export Import Bank of China

The Export-Import Bank (EXIM) of China is a state-funded and state-owned policy bank with the status of an independent legal entity. It is a bank directly under the leadership of the State Council and dedicated to supporting China’s foreign trade, investment and international economic cooperation. With the Chinese government’s credit support, the Bank plays a crucial role in promoting steady economic growth and structural adjustment, supporting foreign trade, and implementing the “going global” strategy. The Bank offers financing such as concessional financing and preferential export buyer’s credits.

The first loan from the Bank to the Maldives was in 2010 for the development of housing units in Hulhumale’. Since then, the bank has supported the country in the areas of housing, transport and infrastructure, mainly in the development of Hulhumale’ island. At present, the bank is involved in 2 of the mega projects of the country - development of the Velana International Airport and the China Maldives Friendship Bridge, which opened on 30th August 2018.

Website link: http://english.eximbank.gov.cn/en/

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