ODAKOREALogo

by Year

As an emerging donor, Korea has been constantly increasing the amount of its ODA in order to contribute to the development of developing countries. As a result, the amount of assistance, which was 110 million USD in 1991, reached 460 million USD in 2006, showing a steep incline.

However, the portion of ODA to Gross National Income (ODA/GNI) in 2006 of 0.05% remains low, given that Korea¡¯s economy ranks 13th in the world in its size. This ratio is far below the average ODA/GNI (0.3%) of DAC member nations and the target ratio of the UN by 2015 (0.7%).

ODA Assistance per Year (Total Net) (Unit: $ million))
Categories 1998 1999 2000 2001 2002 2003 2004 2005 2006
- Bilateral Assistance 124.7 131.4 131.2 174.5 206.8 245.2 330.8 463.3 376.1
¤ıGrant 37.2 39.0 47.8 53.0 66.7 145.5 212.1 318.0 259.0
(proportion
of KOICA)
36.9 37.9 44.4 47.0 58.6 121.8 174.6 201.9 193.1
¤ıLoan 87.5 92.4 83.4 118.6 140.1 99.7 118.7 145.3 117.1
- Multilateral
Assistance
58.0 186.1 80.9 93.1 72.0 120.7 82.6 289.0 79.2
ODA/GNI (%) 0.05 0.07 0.04 0.06 0.06 0.06 0.06 0.10 0.05
ODA Total 182.7 317.5 212.1 264.7 278.8 365.9 423.3 752.3 455.3

Source: International Development Statistics Online DB, OECD

Source:International Development Statistics Online DB, OECD

The amount of ODA surged in 2005 to 752.3 million USD, showing the rate of growth as much as 0.1% of GNI. This result is attributable to external factors such as increase in post-war recovery support to Afghanistan, Iraq, subscription to IDB, and so forth.
Since those external factors which took place in 2005 disappeared, the total ODA (net disbursement) in 2006 decreased by 39.5% from the previous year to 455.3 million USD.