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Supporting common development
Ambassador Kim Young Mok said his agency is interested in supporting the common development of both countries. He noted that KOICA is now providing official development assistance to many countries, among which Sri Lanka has used the assistance effectively.
Founded in 1991 as a main development assistance channel of the Korean Government, KOICA provides development assistance for 44 developing countries worldwide. KOICA grant aid programs include development assistance for poverty alleviation, economic infrastructure development, enhancing good governance, capacity building for public sector and supporting the education sector in secondary education and technical and vocational training.
The International Convention Centre in Hambantota, the venue of the Commonwealth Youth Forum 2013 is a landmark KOICA funded project that will contribute to the promotion of tourism, regional development and socio-economic growth in Sri Lanka. The Korean Ambassador in Sri Lanka Jong Moon Chol and Economic Development Ministry Additional Secretary Priyantha Mayadunne were among those who participated in the discussion at the Ministry.