South Korea and Morocco have held a coverage session assembly on envisioned joint financial and trade initiatives by means of a cooperation fund, Seoul’s finance ministry mentioned Wednesday.
In the course of the two-day assembly held in Rabat from Monday, the 2 nations selected vitality, transportation, inexperienced progress and digital fields as key cooperation fields below the Financial Improvement Cooperation Fund framework and mentioned candidate initiatives, in keeping with the finance ministry.
The transfer got here as South Korea and Africa renewed the EDCF Framework Association that requires growing Seoul’s help for Africa to $1 billion from $300 million in the course of the inaugural Korea-Africa Summit held in Seoul in June.
South Korea and Morocco additionally signed a separate association on the EDCF program in June to put the authorized basis.
South Korea launched the EDCF program in 1987 with the aim of supporting financial and social infrastructure initiatives in creating international locations. (Yonhap)
