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The importance of the division of labor to enhance donor coordination is increasingly recognized, but little attention has been paid to the cross-instrument division of labor. such as grant-loan coordination. This paper analyses the current international division of labor that has emerged between grant and loan aid and elicits implications for emerging donors such as the Republic of Korea. This paper argues that considering the international division of labor and characteristics of Korean ODA. Korea should strengthen cooperation with multilateral donors and that its coordination strategies with bilateral donors should depend on whether they are grant oriented or loan oriented.

Cross-Instrument Division of Labor in International ODA: Grant-loan Allocation and Implications for Korean ODA