• Monday, Oct 03, 2022
  • Last Update : 09:24 am

Envoy: Bangladesh among priority countries for Korea's ODA

  • Published at 11:02 am September 4th, 2020
South Korean Ambassador Lee Jang-keun
South Korean Ambassador Lee Jang-keun UNB

Korea was the 9th largest ODA provider to Bangladesh in 2018 with a total disbursement amount of $69 million

South Korean Ambassador Lee Jang-keun has said Bangladesh is among the priority partner countries for Korea’s official development assistance (ODA) cooperation.

Korea was the 9th largest ODA provider to Bangladesh in 2018 with a total disbursement amount of $69 million, according to the OECD statistics, he said.

In terms of concessional loans, Korea has assisted Bangladesh with 24 development projects worth $1.14 billion through the Economic Development Cooperation Fund (EDCF) of Korea Eximbank.

Bangladesh is the second largest recipient of EDCF, said the Korean Embassy in Dhaka.

Ambassador Lee Jang-keun met Fatima Yasmin, secretary of the Economic Relations Division of the Ministry of Finance on Thursday, and expressed his willingness to maintain close cooperation with the ERD regarding the socio-economic development programs of Bangladesh.

The Republic of Korea is also providing grant type assistance to Bangladesh with an average annual amount of $17.3 million between 2014 and 2018, mainly through Korea International Cooperation Agency (KOICA).

Both Korea Eximbank and KOICA are operating their country offices in Dhaka.

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