Korea Eximbank, IFC seek to deepen cooperation in strategic industries
Hwang Ki-yeon, chairman and CEO of the Export-Import Bank of Korea (Korea Eximbank), met with Makhtar Diop, managing director of the International Finance Corporation (IFC), to discuss ways to strengthen strategic financial cooperation between the two institutions, the bank said Sunday. The meeting took place Friday on the sidelines of the IMF-World Bank Group Annual Meetings in Bangkok,…
Korea Eximbank Chairman Hwang Ki-yeon convened with International Finance Corporation Managing Director Makhtar Diop on Friday, during the IMF-World Bank Group Annual Meetings in Bangkok, Thailand. The objective of their meeting was to explore avenues for bolstering financial collaboration between the two entities, as reported by the Korea Eximbank on Sunday.
At the close of their meeting, the two institutions committed to broadening their ongoing partnership in infrastructure and energy projects across underdeveloped nations. They also agreed to delve into novel strategic sectors, such as critical mineral supply chains and advanced, high-tech industries.
To aid in the stabilization of global supply chains and enhance cooperation within the critical minerals value chain, Korea Eximbank plans to utilize the World Bank Group's multilateral cooperation platforms and financial tools. Furthermore, the bank aims to broaden joint financing for innovative and high-tech sectors, encompassing emerging green industries, artificial intelligence, and digital infrastructure.
Through a collaborative effort with global financial institutions, including the World Bank Group, Korea Eximbank seeks to strengthen its strategic ties and drive progress in these vital domains.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
