ANNOUNCEMENT 19 Sep 2012
In September 2012, the Export-Import Bank of Korea (Korea Eximbank) signed a memorandum of understanding (MoU) with the National Bank for Foreign Economic Activity of Uzbekistan (NBU) to support Korean companies' participation in Uzbek projects.
NUMBER OF INTERVENTIONS
The Export-Import Bank of Korea, press release of 19 September 2012, Opening Up Financial Silk Roads in Uzbekistan: https://www.koreaexim.go.kr/site/program/board/basicboard/view?currentpage=29&menuid=002001007&pagesize=10&boardtypeid=284&boardid=16771
Guide to the Export-Import Bank of Korean: http://ehf.koreaexim.go.kr/File.down?file=/attach_file/conts/en/_English_guide_book.pdf
The MoU between Korea Eximbank and NBU was signed on 19 September 2012. The Korea Eximbank will, in this context, provide an Interbank Credit Line to the NBU with a total value of USD 100 million. The credit line will facilitate funds through the Uzbek bank to importers of Korean goods and services.
Interbank Export Credit
The Eximbank of Korea extends credit to foreign banks for the purpose of financing 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 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.