Consolidated article from multiple news outlets, March 16, 2016
WeGO Secretary General Young-sook Nam with KEXIM Senior Executive Director Sungtaek Kim
On March 15, 2016, a Memorandum of Understanding (MoU) signing ceremony was held between the World e-Governments Organization of Cities and Local Governments (WeGO) and The Export - Import Bank of Korea (KEXIM). KEXIM is the official export credit agency of Korea with a primary purpose to support Korea's export-led economy by providing loans, financing mega projects and thereby facilitating economic cooperation with other countries. The MoU was signed by Dr. Young-sook Nam, Secretary General of WeGO and Mr. Sungtaek Kim, Senior Executive Director at KEXIM.
KEXIM was entrusted with the operation of the Economic Development Cooperation Fund (EDCF) by the Korean government to administrate and execute the EDCF to provide support in building socioeconomic infrastructure in developing countries to help reduce poverty and achieve economic development. Through the MoU, WeGO and KEXIM will collaborate to bring together WeGO's experience in sharing good and sustainable ICT practices in cities and KEXIM's expertise in development and poverty reduction. The two parties will coordinate to make resources available to transform cities from developing countries through the use of ICT for municipal public administration, accountability of public services, civic engagement, smart sustainable growth, and urbanization.
This news was posted in 38 different publications. Articles from some of the sources can be found here.