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S. Korea commits $3 mln to UNDP's work to promote democracy, peace

All News 18:01 October 05, 2016

SEOUL, Oct. 5 (Yonhap) -- South Korea signed an agreement with the United Nations Development Programme (UNDP) to provide US$3 million to the global body's program to promote democratic governance for peaceful and inclusive societies, the organization said Wednesday.

The contribution committed for 2016 was formalized in an agreement signed in the Ministry of Foreign Affairs in Seoul earlier in the day, according to the UNDP.

Separately, Seoul provided $8 million in annual contributions to the UNDP, 14 percent more than what it injected in 2015, the U.N. body confirmed.

South Korea's contributions to the global development promoter "enable UNDP to support the poorest and most vulnerable around the world and to respond promptly to crises," it noted.

"Today, as an aid-recipient-turned-donor, we are honored to support UNDP as a key partner, not only in democratic governance, but also in the fields of education, health, rural development or the Saemaul initiatives, among others,”Lee Young-soo, the South Korean ministry's director-general for Development Cooperation Bureau, said before the signing.

The signing was held during the two sides' annual consultation where another agreement was reached on the UNDP's trust fund aimed at supporting the U.N.'s Sustainable Development Goals (SDGs), a set of agenda items for global development for the period of 2016-2030.

"(South Korea's) support of UNDP's mission and their steadfast commitment to helping improve the lives of people around the world will help make the SDGs a reality and ensure a better future for all," Michael O’Neill, director of external relations and advocacy at the UNDP, said.


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