According to Yonhap News,

The Ministry of Economy and Finance announced on Sep. 13 that it will host the Global Development Finance Conference at the Four Seasons Hotel Seoul on Sep. 15.

At this conference, ministries related to the Official Development Assistance (ODA) and experts in various fields are to gather and discuss plans for vitalizing development finance in Korea.

Development finance refers to developing countries extending loans to companies needing funds for equipment, which is essential for project development.; therefore, the companies are financed by specialized development banks or loans.

First Vice Finance Minister Bang Ki-sun will deliver opening remarks at the event.

Also, the ministry said it would jointly run the Korea Climate Change Response Project Promotion Hall at the 'Global Programming Conference' held by the Green Climate Fund (GCF).

In so doing, it plans to introduce Korea's support project for the developing countries and have meetings with the representatives from the overseas climate change response project.


mskwak@yna.co.kr
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Source: Yonhap News (Sept. 13, 2022)

**This article was translated from Korean.