CURRENT AFFAIRS

Detailed explanation-1: -An agreement was signed in Male on Sunday by Maldives’ Minister of Finance Ibrahim Ameer and Exim Bank’s general manager Nirmit Ved. India’s Foreign Secretary V M Kwatra and his Maldivian counterpart Ahmed Latheef were also present.

Detailed explanation-2: -Exim Bank (Bangladesh), one of the leading private commercial banks in Bangladesh. Exim Bank (Comoros), a commercial bank in the Comoros. Exim Bank (Djibouti), a commercial bank in Djibouti. Exim Bank (India), a finance institution in India, established in 1982 under Export-Import Bank of India Act 1981.

Detailed explanation-3: -Buyer’s Credit: Under this scheme, the EXIM bank offers credit to overseas buyers to finance import of eligible goods from India on deferral credit terms.

Detailed explanation-4: -EXIM BANK, on Behalf of The Government of India, Extends a Short-Term Line Of Credit Of USD 55 Million To The Government Of The Socialist Republic Of Sri Lanka.