South Korea ap­proves $75.5m in aid for de­vel­op­ing na­tions com­bat­ing pan­demic

Iran Daily - - Global Economy -

South Korea’s Fi­nance Min­istry said Fri­day it has ap­proved $75.5 mil­lion in health care aid for 13 na­tions to bet­ter com­bat the coro­n­avirus pan­demic.

The ap­proval is part of the na­tion’s plans to pro­vide more than $400 mil­lion in loans and grants to de­vel­op­ing na­tions this year to help them push for health projects against the novel coro­n­avirus, Yonhap re­ported.

The 13 na­tions in­cluded Ethiopia and Myan­mar, the Min­istry of Econ­omy and Fi­nance said in a state­ment.

The fund is ex­pected to help de­vel­op­ing na­tions build test­ing and trac­ing sys­tems to fight the virus and ex­pand con­tain­ment fa­cil­i­ties in the na­tions, the min­istry said.

South Korea will also ex­pand its fund­ing for pub­lic health projects run by in­ter­na­tional or­ga­ni­za­tions, in­clud­ing the Asian De­vel­op­ment Bank, to $10 mil­lion, the min­istry said.

Glob­ally, more than 9.6 mil­lion peo­ple have been in­fected by the new coro­n­avirus and more than 480,000 have died, ac­cord­ing to a tally by Johns Hop­kins Univer­sity.


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