Korean report analyzes donors' financial exit strategies from middle-income recipient countries
Korea International Cooperation Agency (KOICA) has published a report that reviews donor countries’ financial exit strategies from middle-income countries. The report includes case studies on the US in Panama and the UK in Vietnam.
The authors stressed the need for foreign assistance to create policy synergy with the recipient states. As KOICA provides considerable support to middle-income countries in Asia and Latin America, KOICA considers it necessary to accelerate discussions on long-term ODA transfers and strategies for the tapering off financial support, including innovative financing for development, blended finance, and other possible measures.