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Korea’s ODA policy and lessons from European experiences

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Frame of Image  Kang Researcher, International Finance Team, Department of International Economy (ejkang@kiep.go.kr)
(ykwon@kiep.go.kr) (bokyeong23@khu.ac.kr) Economy (dryoon@kiep.go.kr)
Introduction An aid management system is defined as
a system by which a donor nation establishes the orientation of aid policy on a nationwide basis and allocates aid funds, and administers aid. It is essential framework because it has a critical consequence on the efficiency, and consistency of the aid. If the management system is unreliable, the effectiveness of the aid may reduced due to a lack of connectivity or synergy among projects, and the overlapping between projects may result in waste of resources. Fur-
thermore, if there is no adequate communication between the departments involved, it would lead to consistency problem in various development and cooperation policies. The aid management system of a donor country is also likely to affect the aid recipient country. Therefore, for both the donor and recipient countries, it is necessary to build and improve the aid management system.
Korea’s aid management system is particular in its division of roles: the Ministry of Strategy and Finance (MOSF) takes charge of credit assistance policy,
Korea’s ODA Policy and Lessons from European Experiences
2
while the Export-Import Bank of Korea, which is responsible for the administration of the Economic Development Cooperation Fund (EDCF), is in charge of executing credit assistance policy. Granttype aid policy,


Full Text
Title Korea’s ODA policy and lessons from European experiences
Similar Titles
Material Type Reports
Author(English)

Yoon, Deok Ryong; Park, Bokyeong; Kang, Yoo-Duk; Kang, Eunjung

Publisher

Seoul:Korea Institute for International Economic Policy

Date 2013-12
Series Title; No World Economy Update / 3-56
Pages 6
Subject Country South Korea(Asia and Pacific)
Europe(Europe)
Language English
File Type Documents
Original Format pdf
Subject Official Aid < General
Holding Korea Institute for International Economic Policy