Mercury Plants $60 Million EDCF 'K-Digital' in Tunisia

First Support for North African Countries in Digital Innovation

Soo-eun Bank President Bang Moon-gyu (right in the photo) and Ali Kooli, Tunisian Minister of Finance (on the monitor), signed an EDCF loan agreement worth 60 million dollars on the afternoon of the 14th via Ontact method, respectively at the Soo-eun headquarters in Yeouido, Seoul, and Tunis, Tunisia.

[Asia Economy Reporter Jin-ho Kim] The Export-Import Bank of Korea (KEXIM) will provide the Economic Development Cooperation Fund (EDCF) to innovate land management infrastructure in Tunisia, Africa.

KEXIM announced on the 15th that it signed a loan agreement to support Tunisia's "Land Information System Construction Project" with an EDCF loan of 60 million USD.

The agreement between KEXIM and the Tunisian government was promoted as part of the implementation of the "Strategy to Expand Digital and Green EDCF Support Linked to the Korean New Deal," announced by the Korean government at the Foreign Economic Ministers' Meeting in January.

On the previous day, KEXIM President Visit Byung-kyu and Ali Kooli, Minister of Finance of Tunisia, signed the loan agreement via an ontact method from KEXIM's headquarters in Yeouido, Seoul, and Tunis, Tunisia, respectively. President Visit said, "Supporting Tunisia's priority national project to innovate land management infrastructure is expected to act as a catalyst for improving land management and Africa's digital transformation."

This is the first time KEXIM has provided an EDCF loan to a North African country related to digital innovation. With the provision of EDCF for this project, approximately 4.5 million parcel maps and land-related data in Tunisia will be digitized to build a database, and an integrated land information management system including geographic information and surveying management will be developed.

KEXIM expects that upon successful completion of the Tunisia Land Information System Construction Project, cooperation between Korea and Tunisia will be enhanced, and the export path of Korean ICT equipment and technology, i.e., K-Digital, to Africa through EDCF will expand.

A KEXIM official said, "Considering Tunisia's rapid digital transformation, we will expedite follow-up procedures such as hiring consultants and selecting contractors to enable prompt support," adding, "We will serve as a bridgehead for our small and medium-sized enterprises to enter the African market."

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