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Mid-term Strategy for Development Cooperation

Mid-term Strategy for Development Cooperation (2016-2020)

The Mid-term Strategy for Development Cooperation(2016-2020) sets out the medium-term vision for 2016-2020 strategic directions, principles, ODA targets and allocation guidlines for achieving the goals of development cooperation described in law. Korea establishes "contribution to the achievement of SDGs" as a medium-term goal and adopts comprehensive approach in its development cooperation policies. In addition, concrete sectoral strategies, which are approved by CIDC, are carried out in overall process of development cooperation. They include the Humanitarian Assistance Strategy(March 2015), which is aimed at responding to the growing global humanitarian crisis and the Multilateral Aid Strategy(Febuary 2016) for greater efficiency in collaborations with international organizations.

Mid-term Strategy for Development Cooperation (2011-2015)

The Framework Act (Article 8) mandated the government to formulate the The Mid-term Strategy for Development Cooperation, which sets out policy directions and volume of ODA for a period of five years. The The Mid-term Strategy for Development Cooperation for 2011-2015 was approved at the 8th meeting of the CIDC (December 2010) to specify action plan to carry out the ODA policy for upcoming five years. It includes annual ODA scaling-up target and ODA allocation guidelines by region and by income group. It also has ODA partnership strategy with major stakeholders such as international organization, NGOs, business, academia, and other foreign donor agencies for improve effectiveness and transparency of ODA.

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