SEJONG, Could 18 (Yonhap) — South Korea mentioned Monday it would present US$53 million in loans and grants for nations in Central and South America to assist them fight the coronavirus pandemic.
The Ministry of Finance and Financial system mentioned it would spend $50 million by an “Financial Cooperation Growth Fund” through the Inter-American Growth Bank (IDB). One other $three million might be accessible to the IDB to assist nations in Central and South America handle challenges throughout the public well being disaster, the ministry mentioned in a press release.
South Korea can be in search of to share its expertise of combating the virus with nations in Central and South America, the ministry mentioned.
South Korea has mentioned it would enhance humanitarian support for creating nations to raised fight the pandemic.
South Korea has promised to supply greater than $400 million in loans and grants to rising nations this 12 months to assist them push for well being initiatives in opposition to the novel coronavirus.
South Korean officers have known as for worldwide cooperation to fight the coronavirus, saying the illness is a standard menace to the human race.