DFC Acting CEO Dev Jagadesan Meets with KEXIM Chairman and President Dr. Bang Moon-kyu

 

MEETING READOUT

 

The below is attributable to DFC Spokesperson Pooja Jhunjhunwala:

U.S. International Development Finance Corporation (DFC) Acting Chief Executive Officer Dev Jagadesan met today with Dr. Bang Moon-kyu, Chairman and President of the Korean Export-Import Bank of Korea. CEO Jagadesan and Chairman Moon-kyu discussed shared priorities to support private sector investment in quality infrastructure, including related to ICT, climate change mitigation and adaptation, critical minerals mining and processing, and advancing women’s economic empowerment. They acknowledged the critical importance of healthcare investments to bolster the global response to COVID-19 and to strengthen international healthcare systems to mitigate and efficiently treat future health threats.

Both DFC and KEXIM leaders underscored their commitment to the Indo-Pacific region and recognized the need for imperative action to bridge the investment gap for viable projects in developing countries. DFC and KEXIM each maintain active portfolios in the region and are open to opportunities for co-financing and co-investment in eligible private sector projects that will mobilize private capital toward developmental outcomes, consistent with the mandates of each institution.

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U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.  

KEXIM is a policy-based financial institution with its shares wholly owned by the Government of the Republic of Korea, established with the aims to facilitate the sound development of the national economy and enhance economic cooperation with foreign countries.