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Sejong , Nov. 10 ( Yonhap ) - The South Korean government decided to make additional contributions of up to 8.8 trillion won ($ 8,200 million) , next year , in major international organizations such as the International Monetary Fund (IMF ) said , on Sunday , government sources.

The share of South Korea will rise if carried out these contributions in the IMF , the World Bank and other international agencies. That is, South Korea , which was a recipient of international assistance , will become a donor country.

According to the report on the assessment plan for next year , presented to the National Assembly by the Ministry of Strategy and Finance , the amount of contributions that the Government decided to make the next year, international financial organizations , is about 272 970 million won ( U.S. $ 256.43 million ) .

Although a figure lower than the 304 570 million won ( U.S. $ 286.11 million ) last year, it is expected that if you include the contributions to the African Development Fund , which is currently being discussed, the figure for the next year will reach a similar level this year .

Korean contributions next year will focus primarily on the World Bank , better known as International Bank for Reconstruction and Development (IBRD ) and its sister institutions .

South Korea will make additional contributions of U.S. $ 360.375 million in 2014 , bringing the share of South Korea in the bank rise from 1 percent in 2010 to 1.63 percent in 2016 .

The contributions to the International Development Association ( IDA , according to its acronym in English) , a sister organization of the IBRD , will be of 132 030 billion won ( U.S. $ 124.03 million ) in 2014 . The IDA works for economic development and the rise in the productivity of low-income countries .

Seoul also plans to contribute 8,950 billion won ( 8.4 million dollars) in the Initiative for Multilateral Debt Relief of the ADI.

Contributions to the International Finance Corporation (IFC ) will be $ 6,074,500 in 2014 . The CFI is an organization that invests in private enterprises of developing countries and least developed .

Also, the South Korean government plans to increase their contributions to international financial institutions for Asia and Africa.

Seoul will make contributions of $ 34.4 million in the Asian Development Bank and U.S. $ 43.54 million in Asian Development Fund .

The contributions to the African Development Bank and the African Development Fund will reach 2.22 and 1.83 million, respectively.

It is envisaged that South Korea will make contributions to 5216.3 million SDR ( special drawing rights ) , or 8.48 trillion won ( U.S. $ 7.972 million ) in 2014 . On completion of the contributions , the share of South Korea in the IMF will increase from 1.4 to 1.8 percent.

A Ministry of Strategy and Finance said that , as South Korea transformed from an aid recipient country to a donor country , it is expected that contributions to the medium and long term to increase international organizations in accordance with the status of the Korean economy .