Saturday, June 25, 2011

US, S. Korea sign development accord (AFP)

WASHINGTON (AFP) ? The United States and South Korea on Friday signed an agreement to better coordinate international development aid during a meeting here between the two countries' top diplomats.

US Secretary of State Hillary Clinton and visiting South Korean Foreign Minister Kim Sung-Hwan signed the pact, which the State Department said "recognizes (South Korea's) growing emergence as a donor country."

The accord "will promote the impact and efficiency in aid delivery within mutually agreed priority areas such as global hunger and food security, maternal and children's health, and climate change," it said in a statement.

"The (memorandum of understanding) puts into place a meaningful partnership to expand the reach of development assistance and help encourage the shift from aid to sustained economic growth and prosperity," it added.

The two allies have long coordinated action on regional issues like North Korea's nuclear program, and a total of 28,500 US troops are stationed in the South to help defend it against the North.

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/afp/20110624/pl_afp/usskoreadiplomacyaid

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