KOICA to expand collaboration with private sector to boost ODA financing

outh Korea’s official development assistance operator KOICA said Tuesday that it will strengthen partnership with the private sector to boost financing for its development aid programs for emerging countries. “The international community is putting emphasis on partnership with the private sector as a means of procuring financial sources for the development (of needy countries),” said Kim In-sik, president of the Korea International Cooperation Agency, better known as KOICA. Despite decades of past international development assistance programs, the majority of emerging economies [...]