The South Korean government announced on Tuesday, that it would commit $760m to its extensive economic cooperation with Africa, with Nigeria missing from the list of the 11 nations that would benefit.
The announcement was made at the second day of the Korea-Africa Economic Cooperation Conference in Seoul, being attended by ministers and delegations from 21 African countries, the African Development Bank and representatives of the Korean government and its private sector.
Participants at the meeting agreed that there was a need to expand economic cooperation between South Korea and Africa, and decided on the KOAFEC Action Plan 2009-2010, a strategy geared towards the achievement of six development goals, which it hoped to give priority to.
They also decided that investments be directed towards infrastructure and sustainable development, information and communication technology and human resource development.
Other key areas are knowledge sharing on Korea’s development experience, agriculture and rural development, and green growth partnership.
The benefiting countries include Angola, Ghana, Madagascar, Mozambique, Senegal and Tanzania. Other listed nations are Cameroun, Ethiopia, The Gambia, Democratic Republic of Congo and Cote d’ Ivoire, and they to receive assistance to the value of varied sums for interventions in the six key areas decided at the meeting.
Posts
No comments:
Post a Comment