New Public-Private Development Alliance launched in Korea

Aug 13, 2012

UN Secretary-General Ban Ki-moon speaks at the launch of the new alliance at the Korean Ministry of Foreign Affairs. Photo: MoFAT

Government Ministries, private sector organisations and UN bodies joined forces to launch the new “Development Alliance Korea,” at the Ministry of Foreign Affairs and Trade in Seoul today.

The Alliance is the first cooperative network between government and private partners in the field of overseas aid in the Republic of Korea.

It aims to help boost Korea's implementation of the “Global Partnership for Effective Development Cooperation”. The Global Partnership was launched in June following the broad consensus on how to do development more effectively that was reached at the Fourth High Level Forum on Aid Effectiveness in Busan last year. 

It also aims to help cut poverty in developing countries by establishing public-private networks, expanding information exchange and developing joint projects.

UN Secretary-General Ban Ki-moon, Chairman Ahn Hong-joon of the National Assembly's Foreign Affairs, Trade, and Unification Committee and Co-chairs of the UN-MDGs Forum Lee Ju-young and Lee Nak-yun delivered keynote speeches.

Representatives from eight organizations -- the Korea NGO Council for Overseas Cooperation, the Federation of Korean Industries, the Korean Council for University Education, the Korea Association of International Development and Cooperation, the Global Compact Network Korea, the UN Academic Impact Korea, the Foreign Ministry and the Korea International Cooperation Agency signed an agreement to form the Alliance.