Korea scales up its financial assistance for Africa’s economic transformation

The African Development Bank and the Korean Ministry of Strategy and Finance have signed an Exchange of Letters announcing Korea’s replenishment of a grant of USD 18 million to the Korea-Africa Economic Cooperation (KOAFEC) Trust Fund for 2017-2018. Under the agreement, Korea will support the Bank’s strategic priority areas, the “High 5s”, which seek to address the socio-economic challenges in Africa.

About KOAFEC | AfDB and Korea| High 5s


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