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In order to further strengthen the economic cooperation between two countries, the Government of Republic of Korea has agreed to provide concessional loans from the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea (KEximbank). Accordingly, the Government of Republic of Korea and Government of Sri Lanka have agreed to sign a new Framework Arrangement for the period of 2020-2022 to obtain loans through EDCF up to an aggregate commitment amount of USD 500 million to finance projects mutually agreed The loan interest rate on this concessional loan is about as low as 0.15% -0.20% and the loan has a repayment period of about 40 years with

South koreaSri lankaRepublic of koreaWoonjin jeongEconomic development cooperation fundKorean exim bank representative officeExport import bankFramework arrangementHis excellencyதெற்கு கொரியாஸ்ரீ லங்காகுடியரசு ஆஃப் கொரியாபொருளாதார வளர்ச்சி ஒத்துழைப்பு நிதிஏற்றுமதி இறக்குமதி வங்கிகட்டமைப்பு ஏற்பாடுஅவரது மேன்மை