Towards Strategic ODA: Policy Recommendations for Improving Korea’s ODA System

Jione Jung ()
Additional contact information
Jione Jung: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea, https://www.kiep.go.kr/eng/

No 24-12, World Economy Brief from Korea Institute for International Economic Policy

Abstract: This brief explores the concept of strategic ODA as used in Korea's international development cooperation policy documents. We will also investigate experts' opinions in international development cooperation in Korea regarding strategic ODA, and their recommendations on how Korea can improve its international development cooperation to promote strategic ODA. The brief concludes with policy recommendations as follows: First, in order to effectively plan and implement strategic ODA that aligns with the country's foreign policy framework, it is essential to strengthen the function of the Committee for International Development Cooperation (CIDC). Second, it is essential to develop a budget plan that aligns with the goals of strategic ODA and allocate a separate budget for it. This budget will help achieve performance objectives and implement planned ODA projects. Finally, a performance management system for strategic ODA should be put in place to judge the performance of the strategy, making it possible to monitor and evaluate the achievement of strategic ODA goals with measurable indicators, while linking the performance of individual projects to the performance of strategic ODA as a whole.

Keywords: Strategic ODA; Improving Korea’s ODA System (search for similar items in EconPapers)
Pages: 5 pages
Date: 2024-05-02
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kiep.go.kr/gallery.es?mid=a10105040000 ... st_no=11278&cg_code= Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2024_012

Access Statistics for this paper

More papers in World Economy Brief from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Geun Hye Son ().