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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