High level Korean delegation visits CAF in Caracas

(Caracas, December 9, 2011). CAF - Latin American development bank - received in its headquarters a high level delegation from the Republic of Korea. The purpose of the visit was to explore projects of mutual interest which favor sustainable development in the region, with emphasis on the environment, new information technologies, education and development strategies.

The two parties signed a Memorandum of Understanding to launch the Korea-CAF internship program. Luis Enrique Berrizbeitia, CAF acting president & CEO, and Keun-Ho Jang, director general of Latin American and Caribbean Affairs signed the document.

The members of the Korean delegation were Keun-Ho Jang, director general of Latin American and Caribbean Affairs, Ministry of Foreign Affairs and Trade; the Korean ambassador in Venezuela, Joo-Teck Kim; and Kyung-Tae Hwang, director of the South American Division.

The agreement offers an opportunity for Korean students to gain a better understanding of the international financial institution and conditions in Latin America, and opens new areas of cooperation between the parties with a view to strengthening relations between Korea and Latin America where CAF plays an important catalytic role.