1. On September 30th, the Ministry of Foreign Affairs of the Republic of Korea (MOFA) and the United States Agency for International Development (USAID) signed a Memorandum of Understanding (MOU) to improve collaboration in the field of development cooperation between the two countries.

° Oh Hyunjoo, Director-General for Development Cooperation of MOFA, and Christopher Maloney, Assistant to the Administrator in USAID’s Bureau for Policy, Planning and Learning, signed the MOU on behalf of each side.

2. As a follow-up to the agreement reached in the 3rd ROK-US Senior Economic Dialogue held in December 2018, the two countries signed the MOU to strengthen overall bilateral cooperation in the economic sector including the area of international development cooperation.

3. Through the MOU, the two countries agreed to expand collaboration in the field of development cooperation, based on the New Southern Policy of the Government of the Republic of Korea and the Indo-Pacific Strategy of the United States Government, and particularly seek mutual cooperation in women empowerment, digital economy, health and education, etc.

° The two sides will proceed to cooperate concretely through the coordination between the Korea International Cooperation Agency, the ODA implementing agency of the ROK and the USAID and endeavor to implement the MOU through regular consultations.