Over the past decades, there has been an increasing interest on financing for development in the international development community. With the recent economic crisis and budget constraints facing major donors, traditional supplier of the development financing such as Official Development Assistance (ODA), the growing concerns is on the prospects of DAC (Development Assistance Committee) donors not being able to meet their current commitments. In the context, this paper attempts to review the evolution of international-level discussion on financing for development and draw implications for South Korea as the newest DAC member with limited experience of providing development assistance.
The paper examines the background of emergence of financing for development as a key development theme and reviews the change of international discussion focusing on the 2002 Monterrey International Conference on Financing for Development and the 2008 Follow-up Conference to Review the Implementation of the Monterrey Consensus, in Doha. Subsequently, it moves on to highlight the trends and current status of various forms of development financing such as ODA, Foreign Direct Investment, remittances and debt relief. Then it analyzes three main thematic area of domestic resource mobilization through taxation, Aid for Trade (AfT) and Innovative Financing. The paper concludes by suggesting that the Korean Government uses ODA as catalyst to promote private investment, help partner countries to mobilize domestic resource through aid to taxation as well as AfT. It was also recommended that Korea actively join international effort to increase resources for global public goods such as climate change.
- 국제사회의 개발재원 논의동향과 한국의 정책과제
- 정지원; 정지선
국제사회의 개발재원 논의동향과 한국의 정책과제
[세종, 한국] : 대외경제정책연구원
|Series Title; No||ODA정책연구 / 11-05|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Official Aid < Multi-Sector|