The Export-Import Bank of Korea (www.koreaexim.go.kr, Chairman Kim Yong-hwan, “Korea Eximbank”) announced that the bank’s Chairman Kim Yong-hwan met with the President of Kyrgyzstan Almazbek Atambaev and discussed measures to promote Korean investment in Kyrgyzstan and facilitate economic and financial cooperation between the two countries through EDCF* loans and other means.

* The Economic Development Cooperation Fund (EDCF) was established by the Korean government in 1987 to promote economic exchanges with developing countries and to assist developing countries in achieving industrialization and economic stability through the provision of long-term, low-interest credit. Korea Eximbank currently manages the fund as its trustee. As of the end of October 2013, EDCF has supported 298 projects in 50 countries with KRW 9.4 trillion (commitment basis).

The meeting was arranged upon President Atambaev’s request, who visited Korea for a three-day schedule from November 18.

Chairman Kim said, “Kyrgyzstan is a country which has great potential for cooperation with Korea in many areas including politics, economy, and culture. Helping Korean companies do business in Kyrgyzstan will require tailored financial cooperation, combining Korea Eximbank’s diverse financial tools including EDCF loans and export credits.”