Korea, IDB to expand projects to support Latin America
Published: 05 Nov. 2024, 14:20
![Finance Minister Choi Sang-mok, left, shakes hands with Inter-American Development Bank President Ilan Goldfajn ahead of their meeting in Washington, D.C., on April 17. [MINISTRY OF ECONOMY AND FINANCE]](https://koreajoongangdaily.joins.com/data/photo/2024/11/05/ba3f996b-dcaf-4c02-845f-17607a9802bf.jpg)
Finance Minister Choi Sang-mok, left, shakes hands with Inter-American Development Bank President Ilan Goldfajn ahead of their meeting in Washington, D.C., on April 17. [MINISTRY OF ECONOMY AND FINANCE]
Korea and the Inter-American Development Bank (IDB) agreed Monday to expand projects meant to support the development of Latin America, Seoul's Finance Ministry said.
During their annual meeting held in Sejong, the ministry and an IDB delegation assessed their joint projects designed to help the economic and social development of Latin American countries and discussed ways of enhancing cooperation down the road, according to the ministry.
The IDB stressed Korea's role in helping to eradicate poverty in the region and beef up the nations' responses to climate change, among other goals.
The ministry vowed to expand joint programs in information and communication technologies, energy and other sectors in which Korea has a competitive edge, and voiced hope for active participation by domestic companies in IDB-led projects, the ministry said.
Yonhap
with the Korea JoongAng Daily
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