INDUS.FINANCE II

closed

The Second Financial Sector Loan Project will provide credit to cover the foreign exchange cost of industrial equipment imported by private firms seeking to acquire, build, modernize or replace productive assets. The median economic rate of return estimated for subprojects approved under the first Industrial Finance Project is 25, and similar investment performance is expected under the proposed project. The project will also provide technical assistance for the training of managers in private financial institutions and in related Government agencies. The project will also address financial and institutional issues related to KLB (Korea Long-Term Credit Bank) and KDB (Korea Development Bank) that were initiated under previous projects involving these institutions.