S. Korea to boost loans to developing countries fighting coronavirus


South Korean President Moon Jae-in, second from left, speaks as Deputy Prime Minister and Finance Minister Hong Nam-ki, left, listens. - AP filepic

SEOUL: South Korea's finance minister on Monday said the government will boost loans and grants for developing nations to help them fight the coronavirus pandemic.

Hong Nam-ki said more than $400 million will be spent as an "economic cooperation development fund" to improve healthcare systems in developing nations, without naming any nations in particular. - Reuters

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