Economic Development Cooperation Fund
(Redirected from Draft:Economic Development Cooperation Fund)
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
[edit]- ^ "Economic Development Cooperation Fund (EDCF)". devex. Retrieved 11 May 2025.
- ^ "Economic Development Cooperation Fund Act". Korean Legislation Research Institute. Retrieved 11 May 2025.
- ^ "Korea's ODA". Ministry of Foreign Affairs. Retrieved 11 May 2025.
- ^ "Government Enhances EDCF Cooperation with 21 African Nations". Ministry of Economy and Finance. Retrieved 11 May 2025.
- ^ Im, Eun-byel. "Eximbank holds workshop on development financing". The Korea Herald. Retrieved 11 May 2025.
- ^ "Press Release: Korea Approves EDCF Funds to Asian and African Countries in Fight against COVID-19". Retrieved 11 May 2025.
- ^ jrmpiiadmin. "Koreamazing". GOVPH. Retrieved 11 May 2025.
- ^ "Ukraine to receive up to $8 bln from S. Korea's EDCF - Economy Ministry". Interfax. Retrieved 11 May 2025.
- ^ "Bangladesh, S Korea sign $3bn EDCF deal for development". DhakaTribune. Retrieved 11 May 2025.
- ^ "Press Release: The Operational Direction for the Economic Development Cooperation Fund over the Next 3 Years Established". Korea.net. Retrieved 11 May 2025.
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