The Republic of Korea's 70% increase in core financing is welcomed by the UNDP.

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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