Export-Import Bank Supports COVID-19 Prevention in 5 Central American Countries through EDCF

Export-Import Bank Provides $50 Million EDCF to Central American Bank for Economic Integration (CABEI)

From the left in the photo, Bang Moon-kyu, President of Su-eun, and Dante Mossi, President of CABEI.

[Asia Economy Reporter Park Sun-mi] The Export-Import Bank of Korea announced on the 27th that it has signed a loan agreement to provide a total of 50 million USD in Economic Development Cooperation Fund (EDCF) loans with the Central American Bank for Economic Integration (hereinafter ‘CABEI’) to support COVID-19 response efforts in five Central American countries, including Honduras.

On the same day, Bank President Bang Moon-kyu and CABEI President Dante Mossi signed the loan agreement remotely from the bank’s headquarters in Yeouido, Seoul, and Washington, D.C., USA, respectively. Under this loan agreement, the Export-Import Bank of Korea will provide loans to CABEI, which will then use the funds to support healthcare infrastructure and medical equipment in five Central American countries: Guatemala, Honduras, El Salvador, Costa Rica, and the Dominican Republic.

At the online video signing ceremony, President Bang said, “This project is the first case of directly providing EDCF loans to an international development finance institution,” adding, “We expect this to contribute to curbing the spread of COVID-19 in the Central American region by swiftly supporting the COVID-19 response efforts of the five Central American countries.”

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