MOSCOW (Sputnik) – South Korea’s Finance Minister Yoo Il-ho pledged an additional $90 million in funds to the World Bank over the next three years to help poorer countries, local media reported Friday.
"The funding will strengthen partnership between South Korea and the World Bank," Yoo was quoted by the Yonhap news agency as saying at a ceremony that took place in Washington Thursday local time.
The minister is in the United States for an annual meeting of the World Bank’s Board of Governors, which is a discussion platform for government officials, central bankers and private businesses.
According to the news outlet, Seoul has been contributing $30 billion a year to the Bank’s local branch since 2013.
