The Growth of the ASEAN Infrastructure Market and Its Implications for Policy Makers in Korea

Abstract

This research aims to derive implications for the development finance policy of South Korea as an emerging donor. It explores ways to mobilize and better utilize diverse financing sources for the SDGs by conducting a statistical analysis of official financial flows including ODA and other official flows (OOF) and identifying their determinants of allocation, respectively. A case study of Senegal and the Philippines, two of Korea’s ODA priority partners, was carried out in order to assess changing development finance trends and emerging challenges and understand their perspective on the TOSSD.