(MENAFN) South Korea plans to spend more than USD274.3 million to international organizations next year, nearly unchanged from a year earlier, according to the South Korean minister, QNA reported.
The Ministry of Finance and Strategy confirmed that the government has earmarked USD274.9 million for international contributions, up slightly from USD270 million for 2014 and USD273.8 million last year.
The ministry said that the same amount of the contribution is subject to change depending on foreign exchange rates.
South Korea will donate USD34.15 million to the International Bank for Reconstruction and Development (IBRD), a member of the World Bank Group, with its share likely rising to 1.63% in 2016 from 1.39% in 2014.
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