South Korea continues to support global COVID-19 response with US$30 million to new World Bank FIF

Park Jin, the South Korean Minister of Foreign Affairs, attended a virtual ministerial meeting for COVID-19, entitled 'Pandemic Prioritized Global Action Plan for Enhanced Engagement' to discuss global cooperation on COVID-19 response.

Minister Park shared South Korea’s plan to contribute to the global health cooperation system. For example, South Korea will contribute US$30 million to the World Bank's new Financial Intermediary Fund (FIF) - a new financing mechanism to better prepare and respond to future pandemics. In addition to its ongoing contribution to the Access to COVID-19 Tools Accelerator (ACT-A), South Korea will continue to contribute to the global health system.

Press release – Ministry of Foreign Affairs (in Korean)

News article – Yonhapnews (in Korean)