Economic Development Cooperation Fund
Topic: Finance
From HandWiki - Reading time: 2 min
Short description: South Korea government agency
The Economic Development Cooperation Fund (EDCF) (Korean: 대외경제협력기금) is an agency created by the government of South Korea in 1987 to promote economic cooperation between South Korea and developing countries.[1][2] In addition to the EDCF, South Korea provides official development assistance (ODA) through the Korea International Cooperation Agency.[3]
The more than 500 projects[4][5] the EDCF has worked on to provide international cooperation include:
- US$70 million in loans to Ghana and Tanzania;
- US$200 million in aid to Bangladesh, the Philippines and Cambodia;[6]
- The Jalaur River Multi-Purpose Project Stage II;[7]
- Up to US$8 billion in long-term loans to Ukraine;[8] and
- US$1.7 billion for 30 development projects in Bangladesh.[9]
In 2025, the Ministry of Economy and Finance announced 14.1 trillion won in ODA to be provided over the following three years.[10]
References
- ↑ "Economic Development Cooperation Fund (EDCF)". https://www.devex.com/organizations/economic-development-cooperation-fund-edcf-46874.
- ↑ "Economic Development Cooperation Fund Act". https://elaw.klri.re.kr/eng_mobile/viewer.do?hseq=37510&type=sogan&key=5.
- ↑ "Korea's ODA". https://www.mofa.go.kr/eng/wpge/m_5447/contents.do.
- ↑ "Government Enhances EDCF Cooperation with 21 African Nations". https://english.moef.go.kr/pc/selectTbPressCenterDtl.do?boardCd=N0001&seq=6019.
- ↑ Im, Eun-byel. "Eximbank holds workshop on development financing". https://www.koreaherald.com/article/3243672.
- ↑ "Press Release: Korea Approves EDCF Funds to Asian and African Countries in Fight against COVID-19". https://english.moef.go.kr/skin/doc.html?fn=_MOEF%20Press%20Release_%20Korean%20government%20provides%20emergency%20aid%20funds%20to%20developing%20countries%20through%20&rs=/result/upload/mini/2020/11/.
- ↑ jrmpiiadmin. "Koreamazing". https://jrmp.nia.gov.ph/?q=content/koreamazing.
- ↑ "Ukraine to receive up to $8 bln from S. Korea's EDCF - Economy Ministry". https://interfax.com/newsroom/top-stories/90561/.
- ↑ "Bangladesh, S Korea sign $3bn EDCF deal for development". https://www.dhakatribune.com/bangladesh/foreign-affairs/310379/bangladesh-s-korea-sign-3bn-edcf-deal-for.
- ↑ "Press Release: The Operational Direction for the Economic Development Cooperation Fund over the Next 3 Years Established". https://www.korea.net//synap/doc.html?fn=dc1d9fb865268f8c938adf732caf1bf907a3a1b6b452ff1f9ff2b7a5fd74277a.pdf&rs=/upload/synap/A020101/A260122/6101.
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Licensed under CC BY-SA 3.0 | Source: https://handwiki.org/wiki/Finance:Economic_Development_Cooperation_Fund1 | Status: cached on April 10 2026 09:35:10↧ Download this article as ZWI file
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