AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
The Interbank Export Credit line between the Korean Eximbank the largest international development bank in Latin America has a value of USD 300 million. The credit line with support Korean companies seeking to enter into the infrastructure project market in Latin America. On the same day, Korea Eximbank signed an EDCF loan agreement with the government of Nicaragua for the country's Bypass Managua Project.
In this context, Korea EximBank highlighted that: "This project is expected to help Korean companies build on a track record in their civil and construction engineering work and expand to Latin America for more large-scale projects in the future."
Interbank Export Credit
The Eximbank of Korea extends credit to foreign banks on favourable terms and conditions for the purpose of financing local companies’ purchases of Korean goods and services through loans. More information on the Bank's financial instruments can be found on the official website or the "Guide to the Import-Export Bank of Korea" publication.
The Economic Development Cooperation Fund
The EDCF provides low-interest and long-term credit to developing countries for projects seeking to promote industrialisation and economic stability. In some cases, Korean companies are involved in such projects directly or through exports. More information on the Fund can be found on the official website or the "Guide to the Import-Export Bank of Korea" publication.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
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