South Korean development agencies launch public-private partnership focused on urban development

South Korea's Korea International Cooperation Agency (KOICA) and the Korea Export-Import Bank (Exim Bank) kicked off the Korea-Asia Urban Official Development Assistance (ODA) Partnership to strengthen collaboration in urban development in partner countries.

This partnership will include multilateral agencies as well as South Korean private firms, leveraging funding with grant aid, concessional loans, multilateral assistance, and private sector contributions. The variety of funding sources will allow stakeholders to seek a comprehensive response to complex urban issues in partner countries, strengthen linkages between different types of ODA, and create synergies. With 10 years to achieve the UN's 2030 Sustainable Development Goals (SDGs), the partnership will design 10 multi-sectoral and multi-actor ODA projects by 2030.

News article – Busan Ilbo (in Korean)