S. Korea to boost capabilities of overseas aid bodies

September 24, 2010 12:34 pm 

SEOUL, Sept. 24 — South Korea plans to strengthen the capabilities of overseas assistance organizations as part of its efforts to help developing countries around the world, the government said Friday.

The finance ministry said that changes will be made to the structure and manpower allocation at the Korea Trade-Investment Promotion Agency, the Korea International Cooperation Agency and the Export-Import Bank of Korea.

Detailed evaluations are planned to see what kind of improvements can be made to the three organizations that handle the country's various foreign aid programs, it said. Efforts will also be made to streamline operations and reduce overlapping support programs.

The move comes as Seoul, which is hosting the Group of 20 summit in November, pledged it will increase assistance and aid to countries in such places as Africa, Latin America and some Asian countries.

The government said as chair of the upcoming G-20 gathering, it will act as a "bridge" between advanced industrialized and developing countries. (PNA/Yonhap)



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