Key Points

- There are various efforts being made in order for the international society to establish an effective aid policy and strengthen its partnership with the developing countries.
-- A ministerial-level conference will be opened in Accra, Ghana between September 2-4, 2008, where aid institutions, development organization, and representatives from over 100 countries will attend.

- The conference in Accra will evaluate the overall aid policy for developing countries and will provide milestones such as affirmation of international society’s intentions for future direction of the cooperative development policy.
-- The Development Assistance Committee (DAC) has made various efforts to identify each sector’s performance in order to examine progress of the 2010 targets for improving the quality of aid.

- The recent 2008 Survey on Monitoring the Paris Declaration, however, assessed that although progress is being made, it may be difficult to meet the targets for effective aid by 2010 unless serious efforts are made.
-- In particular, it indicated that there needs to be an improvement on predictability and cooperation among the donors and pointed out after evaluating each donor’s aid disbursement and government’s budget estimates of aid flows that the aid’s excessive dispersion is getting in the way of improving the aid’s effectiveness.

- In the case of Korea, which aims to join the OECD/DAC by the year 2010 and become a participant of the Paris Declaration, it should make continuous efforts to increase the size of aid and to improve the aid’s effectiveness.
-- Korea’s size of aid is still relatively small and it also lacks in experience. Korea should therefore actively participate in constructing international society’s aid system through the conference in Accra and seek a new turning point for improving and assigning roles for aid policy.



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