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Hungary announces $250 million aid credit for underdeveloped countries

The foreign minister said Hungary is ready to maintain its contribution to these efforts and support all UN and European Union initiatives aiming to increase support for the affected countries with a view to enhancing their stability.

Péter Szijjártó, Minister of Foreign Affairs and Trade, told a UN conference in Doha that Hungary has announced $250 million worth of aid credit for underdeveloped countries to improve the situation in water management, healthcare and food security.

The foreign minister said Hungary is ready to maintain its contribution to these efforts and support all UN and European Union initiatives aiming to increase support for the affected countries with a view to enhancing their stability. He cited among past government measures a $760 million credit line by Eximbank to the least developed countries in order to promote cooperation. The coronavirus pandemic has posed a huge challenge to poorer countries, and Hungary has contributed 1.7 million doses of vaccine to help protect the globe, he said. Considering that vaccine stocks are still abundant, Hungary is ready to increase this contribution, he added. Additionally, Hungary has supported Christian communities in the affected countries with around $8 million through 65 projects, he said. “As a country with one thousand years of Christian statehood, we feel responsible for Christian communities in need around the world,” he added.