BEIJING (Reuters) -- China's central bank on Friday said it had signed an agreement with the Maldivian authorities to strengthen trade and investment, as the debt-distressed Indian Ocean nation strives to avoid default.
The People's Bank of China and the Maldivian Ministry of Economic Development and Trade signed a memorandum of understanding to boost local currency settlement for current account transactions and direct investment, a statement from the People's Bank of China said, giving no further details.
