The Export and Import (Exim) Bank of Korea has agreed to resume financial support for Sri Lanka’s development projects, according to the President’s Media Division (PMD).
The decision was announced during a meeting between Exim Bank of Korea officials and Secretary to the President Nandika Sanath Kumanayake at the Presidential Secretariat on Thursday (03).
Financial aid from the Korean Exim Bank had been suspended following Sri Lanka’s economic crisis and sovereign debt default.
During the meeting, Exim Bank representatives expressed their commitment to providing subsidized interest loans for the re-launch of development projects. They also highlighted their future support for economically viable programs initiated by the Sri Lankan government.
The meeting was attended by Exim Bank Director Won-suk HA, Deputy Director Hanui Han, and Project Manager Nalin Jayathunga.