MDP pledges to establish an EXIM bank in the Maldives

Main ruling Maldivian Democratic Party (MDP) has included paving the way for local businesses to fund projects in foreign nations in their economic manifesto.

The economic manifesto, titled ‘Igthisaadhee Bodu Badhal’ which loosely translates to economic mega transformation, was launched during a ceremony held at the Social Centre on Thursday night.

The manifesto envisions establishing an EXIM bank in the Maldives which will pave the way for local businesses to take part in international projects.

It also envisions expanding the economy beyond the borders of Maldives which will be accomplished by shifting the shares in state-owned enterprises and other strategic assets to a national investment fund.

Investing in the fund, as per the manifesto, will improve the operations of the state-owned enterprises and increase their profits while foreign capital will be sought for new investments.

The manifesto also envisions launching local ICT products to the international market and creating opportunities to promote these products which will be achieved through assistance from international business organizations and providing education and training necessary for the entrepreneurs.

There are seven other components to MDP’s economic manifesto launched tonight.