OECD Development Co‑operation Peer Reviews: Korea 2024
The OECD’s Development Assistance Committee (DAC) conducts peer reviews of individual
members once every five to six years. Reviews seek to improve the quality and effectiveness
of members’ development co-operation, highlighting good practices and recommending
improvements.
Fourteen years after joining the DAC in 2010, Korea is at a pivotal juncture as it
rapidly scales up official development assistance (ODA) and assumes more global responsibility.
The 2020 revision of the Framework Act signals a more coherent, cross-government approach
to implement a larger budget. There is potential to bring greater coherence between
domestic and international policies supported by legislation on sustainable development.
This peer review provides a set of recommendations for Korea to strengthen strategic
partnerships and dialogue with partners, and use the cross-government capacity review
and evaluations to prioritise larger ODA volumes to implementers. It recommends that
Korea increase the number of qualified staff working in development across government,
delegate more authority to partner country offices, and increase its risk appetite
to expand private sector operations.
Published on May 21, 2024Also available in: French
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