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The recent development of Korea’s ODA policy

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  • The recent development of Korea’s ODA policy
  • Kwon, Yul
  • Korea Institute for International Economic Policy


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Title The recent development of Korea’s ODA policy
Similar Titles
Material Type Reports
Author(English)

Kwon, Yul

Publisher

[Sejong]:Korea Institute for International Economic Policy

Date 2015-03
Series Title; No KIEP Opinions
Pages 3
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Official Aid < General
Holding KIEP

Abstract

Korea pledged to the international development community to expand its aid volume to achieve an ODA to gross national income (GNI) ratio of 0.25 percent by 2015. In 2014, Korea contributed USD 1.9 billion of ODA (preliminary data), and its ODA to GNI ratio increased slightly from 0.12% in 2011 to 0.15% in 2014. Although the Korean government has expanded its ODA disbursements by 21.6% annually since 2001, there are considerable commitment gaps due to current fiscal pressures from increasing welfare expenses. According to DAC statistics, the share of Korea’s untied ODA (excluding administrative costs and in-donor refugee costs) was 49% in 2012, compared to the DAC average of 81%. Meanwhile, grants accounted for 94.2% of total ODA in 2012.