OECD Development Assistance Peer Reviews: Korea 2012 [electronic resource] /
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and DevelopmentContributor
Organisation for Economic Co-operation and DevelopmentContent Provider
Paris : OECD Publishing,
2013.
Every four years, each of the 24 members of the OECD Development Assistance Committee (DAC) with the World Bank, the International Monetary Fund and the United Nations Development Programme as observers is scrutinised by its peers in the Committee. Five different member countries are peer reviewed each year.This report assesses the extent to which the development policies, strategies and activities of Korea meet the standards set by the DAC. Members provide constructive criticism and recommendations based on a report that touches on aid policies, volumes, institutions and field operations. There are no sanctions if the country fails to take the recommendations on board. The exercise is meant to encourage positive change, support mutual learning and raise the overall effectiveness of aid throughout the donor community.
List of acronyms The DAC’S main findings and recommendations Overview -Overall framework for development co-operation -Promoting development beyond aid -Aid volume and allocation -Organisation and management -Improving the impact of development co-operation -Towards better humanitarian donorship Chapter 1. Strategic orientations -Korea is working hard and building a strong reputation in development co-operation -Korea is reforming its aid and establishing strong foundations -Challenges ahead -Ensure that all Korea’s aid delivery channels support a common vision -Korea needs to strengthen its approach for mainstreaming cross-cutting issues -Communication and transparency should be strengthened -Future considerations Chapter 2. Development Beyond Aid -Putting in place the building blocks for policy coherence for development -Korea is increasing its use of whole-of-government approaches -Future considerations Chapter 3. Aid volumes, channels and allocations -Korea needs to sustain increases in its ODA volume -Korea has a relatively concentrated aid system, but coordination remains a challenge -Korea’s planning and budgeting process for its ODA should be strengthened -Allocations: Korea has target ratios for bilateral and multilateral ODA, grants and loans -Bilateral aid -Multilateral aid -Non-ODA flows -Future considerations Chapter 4. Organisation and management -Korea’s development co-operation system: two pillars and two main challenges -Korea has improved the integration and co-ordination of its aid -Building on a system that is partly decentralised -Ensuring Korea has sufficient, appropriate development co-operation staff for scaling up -Korea is building a stronger evaluation system -Future considerations Chapter 5. Aid effectiveness and results  -Korea is committed to aid effectiveness and is trying to improve its performance -Korea has made progress in most aid effectiveness areas -Further progress is needed to meet Korea’s aid effectiveness commitments -Accountability and management for results -Future considerations Chapter 6. Humanitarian assistance -Significant progress in humanitarian work since joining the DAC -Increasing strategic focus will help manage a broad humanitarian mandate -Prioritising for a growing programme -Ensuring the humanitarian system remains "fit for purpose" -Improving monitoring and performance reporting -Future considerations Bibliography Annex A OECD/DAC Standard Suite of Tables Annex B Field visit to Cambodia 
Every four years, each of the 24 members of the OECD Development Assistance Committee (DAC) with the World Bank, the International Monetary Fund and the United Nations Development Programme as observers is scrutinised by its peers in the Committee. Five different member countries are peer reviewed each year.This report assesses the extent to which the development policies, strategies and activities of Korea meet the standards set by the DAC. Members provide constructive criticism and recommendations based on a report that touches on aid policies, volumes, institutions and field operations. There are no sanctions if the country fails to take the recommendations on board. The exercise is meant to encourage positive change, support mutual learning and raise the overall effectiveness of aid throughout the donor community.
Bibliographic Level Mode of Issuance: Monograph
Development
Business & Economics
Economic History