Bang Gi-seon, Vice Minister of Strategy and Finance, Discusses Cooperation Plans with Kenyan Delegation

On the 27th, Bang Gi-seon, 1st Vice Minister of the Ministry of Economy and Finance, Discusses Expansion of Bilateral Cooperation with Kenyan High-Level Delegation

Bang Gi-seon, the 1st Vice Minister of the Ministry of Economy and Finance, met with a high-level Kenyan delegation visiting Korea to follow up on the Korea-Kenya summit held last year and discussed ways to expand cooperation between the two countries.

According to the Ministry of Economy and Finance on the 27th, Vice Minister Bang met at 11 a.m. at the Seoul Government Complex with Kenya's Deputy Minister of Finance Chris Kiptoo, Deputy Minister of Foreign Affairs Korir Sing’Oei, Deputy Minister of Digital Economy John Tanui, and Deputy Minister of Road Transport Joseph Mungai Mbugua. Vice Minister Bang stated, "We hope that Korea can contribute to Kenya's economic development process, which has great growth potential among African countries, through the Economic Development Cooperation Fund (EDCF), the Knowledge Sharing Program (KSP), and expand cooperation in various fields."

The EDCF (Economic Development Cooperation Fund) is a concessional aid organization established in 1987 to support the economic development of developing countries and promote economic cooperation with Korea. The KSP (Knowledge Sharing Program) is a policy advisory project that shares Korea's economic development experience. Vice Minister Bang also explained Korea's efforts to host the 2030 World Expo in Busan and requested Kenya's support for Korea.

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