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Oceania

The developing countries in the South Pacific are facing such problems as the lack of resources, economic and environmental vulnerabilities, small size of domestic markets, insufficient financial resources, and limits on the extent to which they can integrate themselves into the international economy. In addition, these countries are in great need for public health and education-related support, suffering as they are with significantly low average lifespan for their populations and high mortality rates among mothers and infants. Consequently, the emphasis is on improving the governance structures in this region so as to improve the states of security, safety, and transparency that are necessary to ensure the success of economic cooperation.

Korea intends to set aside about 2% of its concessional loans for developing a successful model of assisting these relatively neglected countries. It will also spend about 5% of its grants providing support to enhance the human and systemic resources in the major recipient countries in the region.

Country 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Solomon Islands 0.13 0.52 0.06 0.00 0.01 0.30 0.60 0.83 1.49 2.83
Papua New Guinea -0.44 0.69 -0.29 -0.29 0.39 0.68 0.02 0.79 1.97 1.80
Fiji 1.13 1.45 1.80 1.25 2.12 0.82 0.86 0.64 0.83 1.37
Vanuatu .. 0.11 0.00 .. 0.00 0.07 0.11 0.02 0.01 0.52
Kiribati 0.11 0.30 0.11 0.13 0.21 0.64 0.51 0.01 0.57 0.34

* Source: QWIDS

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