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[THE INVESTOR] State-run policy lender Export-Import Bank of Korea announced on July 18 that it will provide US$44.6 million to Mongolia to help upgrade its transport system.
KEXIM said it will use $25 million of its economic development cooperation fund to replace aging buses with new ones in Mongolia and use another $19.6 million to build classrooms equipped with information and communications technology, and develop digital textbooks.
The export credit agency said its projects in Mongolia could help South Korean firms expand their presence in the East Asian country.
(theinvestor@heraldcorp.com)
KEXIM said it will use $25 million of its economic development cooperation fund to replace aging buses with new ones in Mongolia and use another $19.6 million to build classrooms equipped with information and communications technology, and develop digital textbooks.
The export credit agency said its projects in Mongolia could help South Korean firms expand their presence in the East Asian country.
(theinvestor@heraldcorp.com)
