Drawing on Korea’s own development experience over the years, the EDCF assists partner countries by providing funding for their industrial development and economic stability.

The highest policy-making authority of the EDCF is the Fund Management Council, which is composed of 13 members, most of whom are ministerial-level government officials. The direction of EDCF operations and the assumption of principal policy-making responsibilities rest with the Ministry of Economy and Finance (MOEF), which also coordinates policy matters with other relevant ministries.

Entrusted by the MOEF, the Export-Import Bank of Korea is responsible for the administrative operation of the EDCF, including appraisal of project, execution of the loan agreements, and loan disbursements. Other duties include principal/interest payments collection, project supervision, and ex-post evaluation of project operations.