Economic Development Cooperation Fund

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

1. ↑ "Economic Development Cooperation Fund (EDCF)". https://www.devex.com/organizations/economic-development-cooperation-fund-edcf-46874.
2. ↑ "Economic Development Cooperation Fund Act". https://elaw.klri.re.kr/eng_mobile/viewer.do?hseq=37510&type=sogan&key=5.
3. ↑ "Korea's ODA". https://www.mofa.go.kr/eng/wpge/m_5447/contents.do.
4. ↑ "Government Enhances EDCF Cooperation with 21 African Nations". https://english.moef.go.kr/pc/selectTbPressCenterDtl.do?boardCd=N0001&seq=6019.
5. ↑ Im, Eun-byel. "Eximbank holds workshop on development financing". https://www.koreaherald.com/article/3243672.
6. ↑ "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 Press Release_ Korean government provides emergency aid funds to developing countries through &rs=/result/upload/mini/2020/11/.
7. ↑ jrmpiiadmin. "Koreamazing". https://jrmp.nia.gov.ph/?q=content/koreamazing.
8. ↑ "Ukraine to receive up to $8 bln from S. Korea's EDCF - Economy Ministry". https://interfax.com/newsroom/top-stories/90561/.
9. ↑ "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.
10. ↑ "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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