New York/Seoul — The United Nations Development Programme (UNDP) is thrilled to announce the Republic of Korea's contribution of USD 18 million to its center sources for 2024.
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Compared with 2023 center contribution, this represents a sizeable 70% boom in investment at a time whilst the call for for improvement help significantly surpasses to be had sources . This vast boom additionally demonstrates the Republic of Korea's broader dedication to improving its Overseas Development Assistance contributions to the worldwide community.
UNDP's Administrator expressed his gratitude to the Republic of Korea for its determination to advancing international improvement . This aid allows UNDP to help governments and groups in decreasing poverty and accelerating efforts in the direction of inclusive, inexperienced , and virtual transitions.
"At a time whilst many nations are turning inward and decreasing investment to worldwide improvement , the Republic of Korea is signaling that the sector wishes greater investment, now no longer less, in sustainable improvement ," said Achim Steiner, UNDP Administrator. "I increase my inner most gratitude to the Republic of Korea for its unwavering partnership and persisted agree with in UNDP to boost the Sustainable Development Goals and our collaborative efforts in disaster response, virtual transformation, and the vital inexperienced power transition."
The Republic of Korea has actively supported UNDP's tasks to combine humanitarian, improvement , and peace tasks (the HDP nexus) in diverse fragile contexts, which include in Ukraine and Myanmar. The Republic of Korea additionally helps UNDP's flagship Human Development Report, promotes improvement effectiveness and continually presents thematic investment .
During the UN General Assembly in September 2024, Mr. Steiner met with H.E. Mr. Cho Tae-yul, the Republic of Korea's Minister for Foreign Affairs, to talk about their ongoing partnership and discover new avenues for cooperation among UNDP and the Republic of Korea, that specialize in regions consisting of digitalization, Artificial Intelligence, democratic governance and helping nations in disaster situations.
In October, Mr. Steiner travelled to Seoul wherein he met with officers from the Republic of Korea, and attended the Seoul Debates 2024, prepared at the same time via way of means of the UNDP Seoul Policy Centre and the Ministry of Foreign Affairs.
Source:UNDP
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EDITED;Bosman
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