On May 17, the bank announced that it has signed a mutual cooperation agreement with the National Information Society Agency (NIA) to enhance the effectiveness of official development assistance (ODA) projects and support the overseas expansion of domestic AI companies.
Through this agreement, the Export-Import Bank plans to collaborate with the NIA to establish a platform for discovering and linking international development cooperation projects in the fields of AI, digital technology, and information technology (IT) aimed at developing countries.
The two organizations have selected Sri Lanka as the first pilot project site. The bank will construct an information and communication technology (ICT) training center to enhance secondary education capabilities in Sri Lanka through the Economic Development Cooperation Fund (EDCF). The NIA plans to establish a research institute within the training center to strengthen AI education capabilities, maximizing the effectiveness of development cooperation projects in the recipient country.
Hwang Gi-yeon, president of the Export-Import Bank of Korea, stated, "We will continue to discover AI projects that fit the environments of our partner countries and create a new model of K-ODA based on artificial intelligence, serving as a catalyst for the global expansion of the domestic AI industry."
* This article has been translated by AI.
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