Korea: a growing influence in the field of development
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.
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