IMO has received an additional US$2.0 million donation to its ‘Delivering Strategy and Reform – Voyage Together’ multi-donor trust fund (VTTF). The VTTF promotes the effective implementation of IMO’s international conventions, IMO’s global stature, capacity-building of developing countries, shared growth of all Member States, and strategy development and reform initiatives to enhance the performance of the Secretariat.
The Republic of Korea has made yearly donations to the VTTF since 2016 by virtue of a Memorandum of Understanding (MoU) between the Republic of Korea and IMO signed in September 2016 by the Minister of Oceans and Fisheries of the Republic of Korea and the Secretary-General of IMO.
The donation was presented to Secretary-General Lim on 30 June 2022 by His Excellency Sang Keun Song, Vice-Minister, Ministry of Oceans and Fisheries of the Republic of Korea.
Source: WhatsNewNews