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Finance ministry briefs African ambassadors on AfDB preparation

All Headlines 14:47 April 16, 2018

SEJONG, April 16 (Yonhap) -- South Korea's finance ministry held a session on Monday to explain the preparations underway for the upcoming general meeting of the African Development Bank (AfDB) to be held in the country next month.

Some 30 African ambassadors to South Korea attended the session, it added.

The 53rd annual meeting of the AfDB is expected to draw more than 4,000 finance ministers, governors of central banks, heads of international organizations and business leaders from nearly 80 member states.

The 2018 AfDB annual meeting will take place in Busan, the country's largest port city, from May 21-25.

The AfDB was established in 1964 as a way to contribute to the economic and social development of Africa through promoting investment with 54 member countries from the continent and 26 from outside the region. South Korea joined the organization in 1984.


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