The organizational structure of Korean ODA policy making is composed of 1) a general policy-making and coordination body, 2) government ministries, and 3) executive agencies. First and foremost, Korean ODA’s general policy-making and coordination body is the Committee for International Development Cooperation (CIDC). The Committee deliberates, coordinates, and decides on major policy issues to ensure the comprehensive and systematic implementation of ODA policies. In January 2010, the Directorate for Development Cooperation Policy was created within the Office for Government Policy Coordination, serving as the Secretariat for the CIDC.
Meanwhile, the Ministry of Foreign Affairs and the Ministry of Economy and Finance are, respectively, in charge of grants and concessional loans. The Ministries draw up their own Five-year Master Plans and Annual Implementation Plans for each sector of ODA, and monitor their implementation. The executive agencies of ODA are the Korea International Cooperation Agency (KOICA) and Korea Exim Bank (KEXIM), which provide, respectively, grants and concessional loans to developing countries. Also, over 40 government ministries and local authorities disburse grants to developing countries.
With the expansion of ODA activities implemented by other government agencies, MOEF and MOFA chair the Inter-Agency Grants Committee and the Inter-Agency EDCF Committee, respectively, which bring together all the organizations (ministries, committees and agencies) to manage the weakness of fragmented ODA system. Korean embassies in partner countries hold the ODA Council (chaired by the Korean Ambassador) and engage all Korean development players in respective partner countries. In addition, the KOICA-EDCF Senior Officers' Meeting is held regularly apart from the working-level meetings between the two organizations to build regional networks and strengthen the linkage between grants and concessional loans.
Ministry of Foreign Affairs (MOFA)
The Ministry of Foreign Affairs (MOFA) is in charge of the formulation, implementation and coordination of grant aid policies, and prepares the related basic plans and annual implementation plans accordingly. The MOFA supervises and manages KOICA, the agency for grant aid provision. In order to ensure the efficient delivery of grants it also operates the “Inter-Agency Grants Committee” (chaired by the MOFA Second Vice-Minister), as well as sub-committees to identify and eliminate any duplications and overlaps in grant programs. The MOFA coordinates international emergency relief and humanitarian assistance activities, and plays a role as a channel for external cooperation with other donor agencies and international organizations (including the OECD and the UN).
Korea International Cooperation Agency (KOICA)
The Korea International Cooperation Agency (KOICA) is an executive agency of grants provided by the Korean government. It pursues supporting the economic and social development of developing countries while promoting friendly cooperation and mutual exchanges between Korea and these countries. KOICA delivers grant-based programs through its development projects, Development Experience Exchange Program (DEEP), international volunteer and fellowship programs, emergency relief provision, multilateral cooperation, etc. At present KOICA operates offices in 44 countries around the globe.
Ministry of Economy and Finance (MOEF)
The Ministry of Economy and Finance (MOEF) administers Korea’s ODA loans. The MOEF manages the EDCF through its Fund Management Council (chaired by the MOEF Minister), and the authority to identify, develop, execute and evaluate the EDCF’s loan programs is entrusted to Korea Exim Bank (KEXIM). With a view to ensuring the efficiency of loan program execution, the EDCF has established the “Inter-Agency EDCF Committee” to facilitate information sharing and promote collaboration among private and public sector partners and the grant and loan implementing agencies during the project identification and selection stages.
Korea Exim Bank of Korea’s Economic Development Cooperation Fund (EDCF)
The Economic Development Cooperation Fund (EDCF) is a government fund managed by Korea Exim Bank (KEXIM). The overriding objective of the Fund is to promote industrialization and economic development of developing countries and to facilitate economic exchanges between Korea and developing countries. Furthermore, it actively operates Public-Private Partnership (PPP)-type loans and co-financing with multilateral development banks (MDBs) in order to secure financing in response to requests from developing partners on large-size infrastructure development projects.