Korea, IDB Team Up to Promote Sustainable Development

The

and Korea's Export-Import Bank will jointly fund public and private sector projects of up to USD2 billion in Latin America and the Caribbean. In the next three years, the two banks will share information as well as identify and fund projects in the infrastructure, information technology and trade finance sectors. Under the partnership, the Green Growth Operations Steering Committee – created by IDB, Korea's Ministry of Strategy and Finance and Kexim – will help draft policies promoting economic growth and environmental sustainability.