Export-Import Bank Provides 350 Million KRW Worth of Korean Quarantine Supplies to 5 Developing Countries

Support of Disinfection Supplies Worth 350 Million KRW to Developing Countries Struggling with COVID-19
In Cooperation with Korea International Health and Medical Foundation... Scheduled for Delivery to Laos, Cambodia, Ghana, Tanzania, and Ethiopia

Bang Moon-kyu, President of the Export-Import Bank (right), visited the Korea Foundation for International Healthcare (KOFIH) located in Jung-gu, Seoul on the 21st and presented a donation for the purchase of quarantine supplies to Chairman Chu Moo-jin.

[Asia Economy Reporter Kangwook Cho] The Export-Import Bank of Korea announced on the 21st that it will provide Korean-made quarantine supplies worth approximately 350 million KRW, including quarantine equipment and diagnostic kits, to developing countries struggling due to the novel coronavirus infection (COVID-19).

This support from the bank is being carried out in cooperation with the Korea Foundation for International Healthcare (KOFIH). The target countries are Laos, Cambodia, Ghana, Tanzania, and Ethiopia, all of which are priority partner countries under the Economic Development Cooperation Fund (EDCF). The EDCF is a concessional aid fund established in 1987 to support industrialization and economic development in developing countries.

With the bank's sponsorship, KOFIH will purchase protective suits and testing equipment, and employees from both the bank and KOFIH stationed in the five developing countries will deliver the supplies directly on site.

Visiting Kyu Bang, President of the Export-Import Bank of Korea, said, "Many developing countries are facing great difficulties in responding to COVID-19 due to a shortage of diagnostic equipment," adding, "We hope this support will help the target countries overcome COVID-19 and serve as an opportunity to showcase the excellence of South Korea's quarantine system."

This content was produced with the assistance of AI translation services.