South Korea contributes US$53 million for COVID-19 response in Latin America via Inter-American Development Bank

South Korea's Ministry of Economy and Finance (MOEF) announced that it will provide a total of US$53 million to help its partner countries in the Latin American region combat COVID-19. Channeled through the Inter-American Development Bank (IDB), MOEF will contribute US$50 million through the IDB's Economic Development Cooperation Fund (EDCF), as well as US$3 million in the form of a trust fund to finance four projects on health and medicine, private sector development, education, and public administration to fight COVID-19 in Latin America.

The contribution of US$53 million is an addition to the MOEF’s US$400 million official development assistance (ODA) in health announced in early May.

News article – The Korea Herald

South Korea Global health