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,…
The Export-Import Bank of Korea (Korea Eximbank) and the International Finance Corporation (IFC) have been discussing ways to deepen their cooperation in strategic industries, according to a report from The Korea Times. The meeting took place at the IMF-World Bank Group Annual Meetings in Bangkok, Thailand, with Korea Eximbank's CEO, Hwang Ki-yeon, meeting with IFC's managing director, Makhtar Diop.
The two institutions agreed to expand their existing cooperation on infrastructure and energy projects in developing countries to include critical mineral supply chains and innovative and high-tech industries. Korea Eximbank plans to utilize the World Bank Group's multilateral cooperation platforms and financing instruments to help stabilize global supply chains and strengthen cooperation across the critical minerals value chain.
Additionally, the bank intends to expand joint financing for emerging green industries, artificial intelligence, and digital infrastructure.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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