South Korean Eximbank To Continue Implementing Projects In Kyrgyzstan
Date
10/28/2024 5:14:11 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, October 28. The
Export-Import bank of Korea (Korean Eximbank) is ready to continue
implementing projects in Kyrgyzstan, which will strengthen economic
and social ties between the two countries, Trend reports via the
Ministry of Foreign Affairs of Kyrgyzstan.
This was discussed during a meeting between Kyrgyz Ambassador to
South Korea Aida Ismailova, senior executive director of Eximbank
Hwang Kiyeon, and the head of the Economic Development Cooperation
Fund (EDCF) Hong Soon Young.
The parties examined prospects for enhancing collaboration in
funding social and infrastructure initiatives in Kyrgyzstan.
Significant focus was directed towards prospective initiatives in
the energy, building, and modernization sectors of hospitals and
airports, along with the acquisition of road and transportation
equipment.
In her remarks, Ismailova highlighted the importance of
sustainable collaboration with Eximbank, noting that such projects
improve the quality of life for citizens and create conditions for
further economic growth.
At the end of January this year, the Kyrgyz parliament ratified
an agreement with Eximbank, under which the bank will provide
Kyrgyzstan with a loan of $27 million to expand its infectious
disease hospital.
In March 2024, Kyrgyzstan and Eximbank agreed to explore the
possibility of exchanging experiences in implementing new financing
tools and mechanisms as part of their strategy for building a
sustainable economy.
The Export-Import Bank of Korea is the official export credit
agency of South Korea. Established in 1976, its primary goal is to
support the country's export-oriented economy by providing loans
and financing.
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