TRADE FINANCE | Cesar Tordesillas, Korea

Eximbank, ADB ink US$2.5 B co-financing deal for infrastructure projects

The Export-Import Bank of Korea signed an MOU with the Asian Development Bank on financing the Asian region's infrastructure development projects that are to be undertaken by South Korean firms.


Under the agreement, Eximbank and ADB will together chip in US$2.5 billion over the next three years to fund private-sectorinfrastructure development projects that are participated in by local firms in Asia.

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