Peer reviews of DAC members

Korea - DAC Peer Reviews of Development Co-operation, 2012

 

 

Korea: a growing influence in the field of development
co-operation

An aid recipient less than two decades ago, Korea is now a donor and sharing its experience of how to use development co-operation as a catalyst to promote long-term sustainable growth in other countries.

Korea has trebled its official development assistance (ODA) to
USD 1,325 million per year, or 0.12% of its gross national income over the past five years and is committed to further doubling it by 2015. The OECD’s first ever Review of the Development Co-operation Policies and Programmes of Korea says that the government must manage this steep increase carefully to make its aid effective.

Read more about Korean influence in development

 

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this review

Korea's 26 priority partner countries

Over the last five years Korea has been increasing its aid to least developed countries (LDCs) and other low-income countries (LICs), particularly heavily indebted poor countries (HIPCs).

 

Korea's official development assistance, 2006-2015

Korea ODA Levels 2006 - 2015

Korea has trebled its official development assistance (ODA) to USD 1,325 million per year, or 0.12% of its gross national income over the past five years and is committed to further doubling it by 2015.

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Korea's green ODA and global development initiatives

Greening ODA is one of Korea’s key agendas. In 2008 the government established the USD 200 million East Asia Climate Partnership (EACP) Initiative, covering 2008 to 2012. The EACP includes 29 projects in 5 areas of green growth: water management, low-carbon energy, low-carbon cities, waste treatment, and forestation and biomass. Through the EACP, the proportion of Korea’s green ODA increased from 11.3% of total bilateral ODA in 2007 to 13.6% in 2010. Korea has also increased its contributions to various green multilateral funds.

  Read more on Korea's green initiatives (p.56 Box 3.1)

 

 

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