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S. Korea's Lee urges rich countries to meet ODA pledges

11-30-2011 14:37 BJT

SEOUL, Nov. 30 (Xinhua) -- South Korean President Lee Myung-bak on Wednesday called on rich countries to stick to their pledges of official development assistance (ODA) to developing countries.

"Despite the recent fiscal crisis, pledges of official development assistance should be carried out as promised at the very least," Lee said in a speech at the Fourth High Level Forum on Aid Effectiveness, which opened on Tuesday in the South Korean port city of Busan.

"Developing countries are important partners for sustainable and balanced growth of the world economy," the president said.

Despite economic difficulties, South Korea will double the amount of its official development assistance from this year for the next four years, Lee added.

The forum, co-hosted by the Organization for Economic Cooperation and Development (OECD), is attended by some 3,000 delegates including UN Secretary-General Ban Ki-moon and U.S. Secretary of State Hillary Clinton.

On the sidelines of the three-day conference, Lee held a summit with Rwandan President Paul Kagame and sat down with Clinton, Australian foreign minister Kevin Rudd and OECD Secretary-General Angel Gurria.

Editor:Zhang Hao |Source: Xinhua

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