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Exim Bank to provide USD 119 mln for construction of another 2000 social housing units in Greater Male’

President Ibrahim Mohamed Solih and Prime Minister of India, Narendra Modi welcomed the approval of the Exim Bank of India to provide USD 119 million for construction of another 2000 social housing units in Greater Male’ area.

The announcement was made during a joint press meet by Prime Minister Modi and President Ibrahim Mohamed Solih, who is visiting India on an invitation extended by PM Modi.

Exim Bank of India had provided a Buyer’s Credit financing last year for the development of the 4,000 social housing units being built in Greater Male’. These housing units are in line with the Government's focus of providing affordable housing for its citizens.