South Korea Posts Largest ODA Increase in 2010 Among OECD-DAC Member Countries

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South Korea increased its official development assistance levels in 2010 more than any other member of the Organization for Economic Cooperation and Development’s committee on aid, according to a review of donors’ 2010 ODA committments.

OECD’s Development Assistance Committee is composed of the world’s biggest donors, of which South Korea is a member. OECD recently released its latest annual review of development assistance, where it noted that these donors failed to meet their collective aid targets for 2010.

>> Donors Missed 2010 Aid Targets - OECD

South Korea spent $1.2 billion on ODA in 2010, which is 25.7 percent more than the amount of aid it provided in 2009. This increase is the highest among DAC member countries, the South Korea news agency, Yonhap, says, citing the country’s foreign ministry.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.