KOICA Research Quarterly Update(Q4 2023) → READ MORE

[Publications]

ㆍ A Deep Dive into Guarantees, Development Finance  l  Center for ODA Research at KOICA

Private Sector Instruments (PSIs), recognized as Official Development Assistance (ODA) since 2018, are categorized into grants, loans, mezzanines, equity investments, and guarantees. While reporting methods to determine ODA eligibility have been set for grants, loans, and equity investments, the procedures for mezzanines and guarantees are still under development. However, as the formulation of a reporting method for guarantees has become a task in priority for the OECD DAC’s Working Party on Development Finance Statistics (WP-STAT), it is expected that a consensus on a method will be reached among members shortly (OECD 2022b). This effort becomes particularly relevant because, guarantees, following syndicated loans, are the second biggest mobilizer of private finance (OECD 2022a). Furthermore, donor institutions are the primary issuers of guarantee instruments (Convergence 2022). Considering the above, guarantees emerge as an apt PSI that KOICA might adopt in its future projects. As such, this brief delves into the definition, pros and cons of guarantees. It also discusses the various types of guarantees and the general procedure to access them and briefly outlines potential strategies for KOICA's effective use of the guarantee system...

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ㆍ Analysis on Index of International Development Cooperation and its Implications : Focusing on CDI and QuODA l  Park Sooyoung, Ahn Miseon

The Center for Global Development (CGD) announced the result of the Commitment to Development Index (CDI) and the Quality of Official Development Assistance (QuODA) in 2021 based on the drastically revised methodology.

The CID evaluates whether the policies on 8 areas including financial resources for development, investment, migration, trade, environment, health, safety, and technology of major 40 countries have been established to promote economic and social development of developing counties. This index is meaningful in that it expanded the subject from OECD members to emerging donor countries to reflect the changing landscape of development cooperation. However, it might hurt a logic of evaluation as it evaluates groups with different income levels with the same criteria...

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ㆍ ESG from the perspective of development cooperation l  Park Jisu, Lee Saemool, Yoon Yuri

After the COVID-19 pandemic, the world is facing an unprecedented series of challenges. The rapid rise of ESG can be seen as values shifting to ‘people, society, and environment’ from capitalism centered; a joint efforts balancing profit-seeking corporate values and social values to find a sustainable solution. ESG is a criterion that measures a company's non-financial performance, as well as a management philosophy that considers the sustainability and social impact of a company with a focus on the environment, society, and governance. And, ESG activities and its evaluations are becoming an ideal tool for decision-making for corporates, and used for investors when making investment decisions. Hence, in Korea, companies are obliged to disclose ESG information, and public agencies and institutions are to promote ESG management...

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ㆍ Approach for Higher Education Reform by International Organizations and the Reaction of Latin America l  Shin Minkyung

Higher education (HE) in Latin America has experienced explosive growth over the past half century, and countries have made their own efforts to reform HE. However, with the intervention of international organizations since the 1980s, HE in Latin America has been influenced by neoliberal ideology. In view of the gap between what Latin American society actually wanted and what international organizations required, this study examines the overall HE reform direction advocated by the latter and how Latin American countries actually accepted or rejected it, especially during the 1990s. However, since this is an introductory study, future research will need to investigate the mechanism of HE reform through external pressures and internal reactions in more depth, considering the contexts and circumstances of each country.

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