[Graphic News] Korea’s ODA increase fastest in OECD
By Korea HeraldPublished : April 9, 2015 - 20:25
According to a report released by the Organization for Economic Cooperation and Development, Korea had the highest ODA increase rate over the past five years among its member countries. Korea posted an average 17. 8 percent increase while the OECD members’ average recorded 2.3 percent.
Last year, Korea’s ODA amount reached $1.85 billion, a 5.4 percent increase from a year earlier. The contribution put Korea at 16th in the ranking of the largest donators among the 28-member OECD Development Assistance Committee.
Korea had provided the most aid to Asian countries, followed by Africa, South America and Middle Eastern countries.
Seoul officials said other OECD countries decreased their ODA due to economic recessions while Korea maintained its stance on increasing its ODA.
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Articles by Korea Herald