Actors In Development Co-operation
OECD DAC Members
The Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD) is a representative forum of donor countries. There are 30 DAC members, consisting of 29 member states and the European Union. The members annually report their ODA statistics to the Committee, which then collects and publishes the data of all members. The DAC has subsidiary bodies with the objective of improving aid effectiveness in each sectoral area, and it establishes relevant international standards by obliging its members to regularly undergo peer reviews and by facilitating mutual learning and discussions among development actors.
UN and its Agencies
Following the Second World War, the UN was created in 1945. The UN and its agencies play a central role in the harmonization of international development cooperation. They aim to achieve the eradication of poverty, along with mutual respect of rights and freedom, through maintaining international peace and security, developing friendly interstate relations, and promoting reciprocal cooperation and assistance.
International Financial Institutions (IFIs)
Through capital subscriptions of their member states, the IFIs provide development-related loans, grants, and technical advisory assistance for countries around the world, or for those in specific regions such as Asia and Africa. Well-known examples of the IFIs are the International Monetary Fund (IMF), the World Bank (WB), the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the Inter-American Development Bank (IDB).
Other International Organizations
As for other international organizations, there are institutions created for regional cooperation, including the Association of Southeast Asian Nations (ASEAN) and the African Union (AU). Other organizations deal with specific development issues such as environment and health, among which are the Global Environment Facility (GEF) and the Global Alliance for Vaccines and Immunization (GAVI) Alliance.
In Korea, more than 140 organizations are conducting international development cooperation projects for those in fragile context in 103 countries around the world. Development NGOs, which have local networks and field expertise, are important ODA partners of the government, and carry out projects in various fields such as humanitarian aid, policy advocacy and global citizenship education.
Development NGOs/ CSOs
Development NGOs refer to non-government, non-profit organizations engaged in development and poverty alleviation of underdeveloped countries. Currently, there is a considerable variety of NGOs, ranging from small to large ones with worldwide networks that exercise a huge influence on international development issues and policies. Some representative examples of development NGOs are Oxfam, Care International, and World Vision.
Private Companies/ Businesses
The concept of Corporate Social Responsibility (CSR) requires that private companies engage in responsible business conduct consistent with the public interest and social imperatives. Private companies carry out their CSR activities in developing countries either independently or through Public-Private Partnerships (PPPs).