Policy Updates

On April 19, 2024, the Netherlands pledged EUR68 million (US$74 million) towards World Bank hybrid capital, which is expected to expand the bank’s lending capacity by over US$550 million over the next ten years for global public goods investment.

Dutch Ministers of Finance and Foreign Trade and Development Cooperation Liesje Schreinemacher and Steven van Weyenberg announced the contribution to support low- and middle-income countries in financing the energy transition, biodiversity protection, and strengthening health systems to prevent future pandemics.

This commitment joins those of 10 other countries to boost the World Bank’s lending capacity, totaling US$11 billion and potentially providing up to US$70 billion in essential funds.

On April 15 and 16, 2024, South Korea announced its plan to provide humanitarian assistance of US$12 million to Sudan and US$7 million to Ethiopia with in-kind rice at the International Humanitarian Conference for Sudan and Neighboring Countries and High-Level Pledging Event for the Humanitarian Situation in Ethiopia, respectively.

South Korea aims to help Sudan and neighboring countries to overcome the humanitarian crisis spurred by the armed conflict in the region.

The humanitarian assistance to Ethiopia, combined with 13,852 tons of rice in-kind, is aimed to help alleviate food shortages. In particular, South Korea’s Ministry of Agriculture, Food and Rural Affairs has been providing rice to countries in food crises every year through the WFP since its entry into the Food Assistance Convention in 2018.

On April 15, 2024, at the International Humanitarian Conference for Sudan and Its Neighbors in Paris, France, the Netherlands announced a EUR10 million (US$11 million) contribution to support food assistance in Sudan through the WFP.

Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher emphasized the dire situation in Sudan, where 18 million people face acute hunger. Since the outbreak of war on April 15, 2023, warring parties have obstructed emergency assistance. At the time of the announcement, 8 million Sudanese were internally displaced, and 2 million have fled to neighboring countries.

The recent pledge supplements the Netherlands’ annual support of EUR55 million (US$60 million) to the UN CERF, which has allocated EUR35 million (US$38 million) annually for support to Sudan. The Netherlands has supported the reception of Sudanese refugees in neighboring countries as well as EU negotiations for a ceasefire and sanctions against warring parties.

On April 15, 2024, Canadian Minister of International Development Ahmed Hussen participated in the International Humanitarian Conference for Sudan and its Neighbours, where he announced CAD132million (US$96 million) in international assistance funding to Sudan and neighbouring Central African Republic, Chad, Ethiopia, and South Sudan.

The announcement included nearly CAD101 million (US$73 million) in humanitarian assistance and nearly CAD32 million (US$23 million) in development assistance amid the ongoing armed conflict in Sudan. The funding is slated to provide crisis-affected people with emergency health services, food and nutrition assistance, protection services for gender-based violence survivors, and other assistance including shelter, water, and sanitation services. The development assistance will support critical programming in SRHR and education infrastructure.

On April 14, 2024, the C7 published a statement ahead of the G7 Foreign Ministers' Meeting in Capri from April 17-19, 2024, where the group called on the foreign ministers to take concrete action to promote human rights as well as the common interests of humanity and the planet.

The C7 advocated that the G7 ministers reaffirm their commitment to developing long-term peace-building strategies that address persistent structural challenges at the basis of conflicts, ensure food security even in fragile settings, and address a profound transformation of food systems. The group also called upon their governmental counterparts to ensure safe and regular migration channels and commit to protecting migrant rights.

On April 11, 2024, the US announced that it will provide an additional US$25 million in assistance to refugees in the Uganda. The resources from both the Department of State and USAID will go to the UN High Commission on Refugees and the WFP.

The resources will be used to support food, health care, and education, as well as other emergency support to refugees whom have fled South Sudan, the DRC, Somalia, and Sudan. The US noted that Uganda has the highest number of refugees in Africa, having received more than 130,000 refugees in 2023.

The US separately called out a 2024 ruling of the Ugandan court, which had upheld a controversial anti-homosexual law, stating that the US was committed to ensuring that all assistance would be delivered without discrimination.

In advance of the Paris International Humanitarian Conference for Sudan and it Neighbors, Power also announced an additional US$100 million in emergency assistance for the 25 million people who have been affected by the civil war in Sudan. Five million people are close to famine and eight million have been displaced. USAID also called out the violence being perpetrated on the people of Sudan by both sides of the armed conflict. The emergency assistance will include food, nutrition, and other services. This brings total US humanitarian assistance for Sudan to over US$1 billion.

On April 11, 2024, statistics released by the OECD DAC showed that that South Korea provided US$3.1 billion in 2023 ODA, an 11.4% increase compared to 2022.

South Korea's ODA disbursement in 2023 indicated an increase both in bilateral assistance (US$2.3 billion) and multilateral assistance (US$830 million). In particular, contributions to international financial organizations, including the World Bank and IMF, increased. Bilateral assistance increased by 3.4% due to increases in grant assistance (US$1.6 billion) and loans (US$700 million). Multilateral assistance increased by 41.9% due to an increase in contributions to support the pandemic in low-income and vulnerable countries. With the increased multilateral contribution, the South Korean government responded quickly and effectively to the global shortage of development finances and expressed its willingness to contribute to resolving global issues as a global pivotal state.

ODA/GNI was 0.18%, an increase of 0.01% from 2022. As South Korea has expanded the 2024 ODA budget by the largest amount ever (31.1%) to fulfill its role as a global pivotal state amid a tight fiscal environment, 2024’s ODA disbursement is expected to increase significantly.

On April 13, 2024, Australia has announced it will invest a further AUD17 million(US$11 million) to extend the BPP through 2028.

Through the BPP, Australia funded a partnership with organization Gold Standard and the International Rice Research Institute to assist sustainable rice project developers. The hub assisted scaling carbon market access within Vietnam and in global markets. It aims to significantly reduce methane emissions and also to provide possibilities for more income for smallholder farmers.

The BPP promotes development by partnering with academia, not-for-profit organizations and businesses to create jobs and increase incomes. It also aims to empower women.

The four countries covered by the program are Vietnam, Samoa, Sri Lanka, and Fiji.

On April 12, 2024, it was announced that South Korea was elected to the Executive Boards of UNICEF and the WFP for the 2025-2027 term.

The WFP Executive Board provides policy guidance and oversees all activities as the highest decision-making body. South Korea’s third consecutive election to the WFP Executive Board since 2019 reflects its role and contribution to reducing poverty and ending hunger around the world.

South Korea's election to the Executive Board of UNICEF for 2025-2027 marked its tenth consecutive nomination since 1988. The South Korean government will continue to proactively participate in discussions within UNICEF to advance the protection, health, and education of children and adolescents around the world. The government is also slated to further develop the partnership between South Korea and UNICEF.

On April 12, 2024, the Royal House of the Netherlands announced that as of April 15, 2024, Liesje Schreinemacher will return from maternity leave and resume her role as Minister for Foreign Trade and Development Cooperation.

Schreinemacher started her maternity leave on December 4, 2023. Since then, Geoffrey van Leeuwen has temporarily taken on the role of Minister.