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South Korea will donate over 250 million dollars to international organizations
South Korea will contribute over 300 billion won (US $ 274,3 million) to international organizations next year, and the amount will remain almost unchanged from this year, IA RUSKOR reports.
The government of Seoul has reserved 305,9 billion for international donations, which is slightly more than 300,4 billion won this year and 304,6 billion won last year. The exact amount of the deposit may vary depending on the exchange rates of foreign currencies, the ministry said.
South Korea will donate 38 billion to the International Bank for Reconstruction and Development, a member of the World Bank Group, and the country's share is likely to rise to 1,63 percent in 2016 from 1,39 percent in 2014. The International Development Association, another division of the World Bank Group, will be allocated 142,7 billion to support low-income countries.
The South Korean government is planning a budget of 376 trillion won at the 2015 fiscal year, which is 5,7 percent more than the 2014 year budget of 356 trillion won.