The Direction of Inter-Korean Cooperation Fund Based on ODA Standard
- The Direction of Inter-Korean Cooperation Fund Based on ODA Standard
- Park, Jin; Lee, Jiwon
- ODA (Official Development Assistance); IKCF (Inter-Korean Cooperation Fund)
- Issue Date
- Series/Report no.
- KDI Working Paper Series;WP11-05
- This paper aims to evaluate IKCF (Inter-Korean Cooperation Fund) based
on the ODA/DAC standard. For this purpose, the ODA expenditure in
IKCF is investigated, after which the trend for the past 20 years is
analyzed. By comparing with the ODA guideline suggested by the DAC,
this paper suggests the future direction of IKCF as follows. First, S.
Korea’s humanitarian aid ratio to the North is too much compared to that
of the DAC recommendation, therefore, much of it should be converted to
development assistance. Second, the grant ratio is already high enough,
and it is advised to use loan strategically to facilitate market economy of
the North. Third, multilateral aid to the North is relatively low, and
should be encouraged to grow up to the DAC standard. Fourth, untied
aid ratio should be enhanced, but not to that of the DAC standard but to
Korea’s untied aid ratio to the other countries.
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