February 22, 2024

Seoul seeking to fast track IFI funding for North Korea projects: minister

ROK finance minister says EBRD President expressed support for cooperation should DPRK open up

Seoul is seeking shortcuts to allow North Korea to receive funding and support from International Financial Institutions (IFIs), the South Korean finance minister said on Wednesday.

In a radio interview, Minister Kim Dong-yeon said he had shared his views on potential inter-Korean economic cooperation with heads of several IFIs in the aftermath of last month's inter-Korean summit.