South Korea discusses 2020 action plan for official development assistance
South Korea's Committee for International Development Cooperation (CIDC) held its second meeting of 2019 in July. The CIDC announced a tentative outline of the 2020 Action Plan on South Korea’s foreign aid.
Major items include increasing ODA budget, humanitarian assistance, and untied aid; enhancing partnerships with international organizations; promoting systematic multilateral cooperation; and harmonizing development strategies with the New Southern and New Northern Policies of the government. The ODA budget for 2020 is expected to be around US$3 billion which is a 12.5% increase from 2019. The CIDC also discussed the revised version of the humanitarian assistance strategy, originally developed in March 2015.