Under the agreement, Eximbank will extend up to some 414.5 billion won ($300 million) in co-financing over the next three years through its Economic Development Promotion Facility (EDPF). The bank aims to identify and jointly finance large-scale infrastructure development projects in IDB's 26 regional member countries eligible for EDPF support.
Eximbank Chairman Yoon Hee-sung and IDB President Ilan Goldfajn signed the MOU on Thursday in Rio de Janeiro, Brazil, during the Korea-LAC Trade & Innovation Forum.
"This collaboration with IDB will not only strengthen economic cooperation between Korea and Latin American countries but also help lay the groundwork for Korean companies to participate in infrastructure projects in the region," said Yoon.
