Addis Ababa August 10/2017 The Republic of Korea announced additional one million USD to support humanitarian assistance in Ethiopia, its embassy in Addis Ababa said.
Of the total assistance, 400,000 USD will go to the Humanitarian Action for Children 2017 of UNICEF and 500,000 USD to the Ethiopian Humanitarian Fund (EHF) of OCHA.
The funding also contributes 100,000 USD to IOM to assist Ethiopian returnees from Saudi Arabia, the release that the embassy sent to ENA said.
While Ethiopia continues to recover from the 2016 El Niño induced drought, poor performance of rains this year, reduction in animal feed, poor harvest and dwindling water resources exacerbated drought conditions.
Due to this, the number of people who need humanitarian assistance in the second half of 2017 has increased to 8.5 million from 5.6 million in January.
According to the Mid-Year Review of the 2017 HRD launched on August 7, the net requirement to address food and non-food needs for the remainder of the year is 487.7 million USD.
Today’s contribution is additional to the one million USD assistance provided by Korea last year for drought response in Ethiopia.
The release indicated that the new funding will enhance the ever growing relations between the two countries.
According to the release, Ethiopia is the largest beneficiary of Korea’s grant aid in Africa with 127 million USD between 1991 and 2016.
Korea had also launched a soft loan program called Economic Development Cooperation Fund (EDCF) amounting to 500 million USD for the period of 2016 to 2018, during the visit of President Park Geun-hye to Ethiopia in May 2016.
The Horn African nation has also been designated as a priority country for strategic cooperation since 2012.