□ Upon the signing the MOU, the Bank plans to establish cooperation strategies for the health sector of newly-selected EDCF priority countries with the assistance of KHIDI’s know-how and schemes to support the sector, and build its mid-to long-term support strategies with specific plans.

ㅇ The two organizations plan to effectively respond to the demands for improving the healthcare sector of developing countries by developing 'customized infectious disease response models' consisting of diagnosis, epidemiological investigation, and treatment process, based on Korea’s quarantine model.

ㅇ In addition, the Bank plans to provide financial advice and preferential financing support to the biotech companies seeking overseas expansion that the two institutions jointly selected in connection with KHIDI's project to nurture biotech companies in Korea.

□ After signing the MOU, Chairman Bang said, "We hope the two organizations will contribute to the realization of Universal Health Coverage (UHC*) in developing countries and promote Korean biotech companies' advancement into overseas markets."

* Universal Health Coverage (UHC): The practical concept of "Leave No One Behind" among the UN's Sustainable Development Goals (SDGs) is to ensure that everyone receives essential health care without financial difficulties.

□ On his turn, KHIDI President Kwon said, "The cooperation between the two organizations will be of practical help to the health and medical sector of recipient countries and contribute to expanding the global presence of Korea's advanced medical system and health industry as a whole."