Korea Eximbank and IFC promoting sustainable recovery in developing countries

ongoing

IFC and the Export and Import Bank of Korea have signed a new memorandum of understanding (MOU) which will expand their collaboration in developing countries and link Korean firms with more opportunities overseas. The agreement will focus on creating new jobs, promoting smart cities, boosting health care, and other areas that are key to ensuring a sustainable and resilient recovery from COVID-19. The two signatories will jointly identify and finance projects in developing countries, including those in Southeast and Central Asia, in line with Korea’s New Southern Policy and New Northern Policy. The focus areas include initiating projects to expand private sector-led solutions in emerging markets and enhancing knowledge and information sharing.