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General Cooperation Agreement - Korea-Africa Economic Cooperation Trust Fund


The Republic of Korea1 is committed to increasing its engagement across Africa. According to the first Organisation for Economic Cooperation and Development (OECD) Development Assistance Committee (DAC) Peer Review of Overseas Development Aid (ODA) in December 2012,2 South Korea is now the 17th largest OECD-DAC Donor to developing countries and is committed to meeting its target of 0.25% of its Gross National Income (GNI) by 2015; in 2012, Korea’s ODA increased by 17.6%.

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