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South Korea will provide over $5 million to assist the emerging economies of Uganda, Kyrgyzstan, Vietnam, Cambodia, Colombia, and Haiti in helping deal with the COVID-19 pandemic and pursue digital and green development projects.
South Korea will send the amount through its two trust funds operated by the World Bank Group, namely the Korea-IFC Partnership Program and the Korea-World Bank Partnership Facility.
Through the Korea-World Bank Partnership Facility, South Korea will establish a digital education platform in Kyrgyzstan and provide agricultural technology consulting to Uganda.
The other funds will be used to share digital solutions for epidemic control with Colombia, provide renewable energy consulting to Cambodia and Vietnam, and help Haiti's local textile manufacturers produce high-tech personal protective equipment.
According to Soh Hoon Sahib, special representative of the World Bank Group Korea office, emerging economies are taking more interest in ICT-based digital and green technologies, and Korea's innovative technology will greatly help them achieve sustainable growth.
