ID :
42970
Thu, 01/29/2009 - 10:25
Auther :
Shortlink :
https://oananews.org//node/42970
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KOICA gives US$ 10 million to Laos
KOICA gives US$ 10 million to Laos
(KPL) Korea International Co-operation Agency (KOICA) has increased aid to Laos for its long term development plans from US$ 8.2 million in 2008 to US$ 10 million for 2009 but on the condition that bilateral co-operative plans between both nations are on an even keel.
In spite of the financial crisis in the world, the Republic of Korea government is determined to give a helping hand to Laos to enable her to achieve its development targets.
Recently, president of Korean International Cooperation Agency, xcame to Laos for a two-day visit to strengthen bilateral relationship between the two countries.
During his visit he said that KOICA has agreed to increase aid to Laos because this country is facing stiff challenges and the additional money will be used for education, health and rural development. “I am satisfied that the various projects are progressing well and with the additional fund they will develop at a faster pace,” said Mr Park.
Mr Jung Sanghyun, Volunteer Manager of KOICA, Laos said that KOICA has decided to allocate US$ 270 million as aid for countries throughout the world.This sum of money, he said, will be used for the 2009 year period for 56 countries and out of this Laos has got an allocation of US$10 million. Last year, KOICA provided US$ 8 million for Laos to build schools and irrigation systems and to support health care service.
(KPL) Korea International Co-operation Agency (KOICA) has increased aid to Laos for its long term development plans from US$ 8.2 million in 2008 to US$ 10 million for 2009 but on the condition that bilateral co-operative plans between both nations are on an even keel.
In spite of the financial crisis in the world, the Republic of Korea government is determined to give a helping hand to Laos to enable her to achieve its development targets.
Recently, president of Korean International Cooperation Agency, xcame to Laos for a two-day visit to strengthen bilateral relationship between the two countries.
During his visit he said that KOICA has agreed to increase aid to Laos because this country is facing stiff challenges and the additional money will be used for education, health and rural development. “I am satisfied that the various projects are progressing well and with the additional fund they will develop at a faster pace,” said Mr Park.
Mr Jung Sanghyun, Volunteer Manager of KOICA, Laos said that KOICA has decided to allocate US$ 270 million as aid for countries throughout the world.This sum of money, he said, will be used for the 2009 year period for 56 countries and out of this Laos has got an allocation of US$10 million. Last year, KOICA provided US$ 8 million for Laos to build schools and irrigation systems and to support health care service.
