The EDCF Act (Law No.3863) was promulgated in December 1986. The first session of the Fund Management Council was held in May 1987, and in the following month, the Export-Import Bank of Korea was entrusted as a unit for business operation and management of EDCF. In July 1987, a total of 15 billion won of initial contribution to EDCF was made by the Korean government.
In December 1987, a decision on its first official assistances, the Padang By-Pass Project in Indonesia and the Passenger Coach Project in Nigeria, was reached.
The first EDCF Workshop was held in October 1995 for government officials from nine developing countries. Assistance policy for co-financing projects with the IDB was introduced in July 2000. In December 2003, a debt relief program for the HIPC Initiative was set up to commit EDCF loans for developing countries.
In 2010, Korea became a member of the OECD Development Assistance Committee (DAC).
09First co-financing provided with the EDCF and EDPF to Egypt
06Launch of the Korea-Africa Energy Investment Framework
12First loan to international development financial institutions committed to CABEI
12Recording USD 18 Billion in Cumulative EDCF Loan Commitments
12Launch of the OECD Peer Review on EDCF
09Hosting of the EDCF International Conference in Commemoration of its 30th Anniversary Issuance of the EDCF’s 30-year History Book
08Introduction of Private Sector Loan, Sector Development Loan, and Loan to International Development Financial Institution
05Conclusion of MOU with IFAD
12Hosting of Climate Finance International Forum, Recording USD 10 Billion in Cumulative EDCF Loan Commitments
05Hosting of EDCF Development Finance Seminar
12Approval of First Commitment for a Program Loan Launch of the OECD DAC Peer Review on EDCF
12Establishment and Launch of the ODA Monitoring System
12Resumption of EDCF Aid to Myanmar
09Hosting of the First Joint Evaluation with Partner Countries
01Korea's Accession to the OECD DAC
12Yearly Commitment Amount First Exceeding USD 1 Billion
05First External Ex-post Evaluation of EDCF Project
08Introduction of the Compact Loan and Public Partnership Loan
07Hosting of the EDCF International Conference in Commemoration of its 20th Anniversary Issuance of the EDCF’s 20-year History Book
12First Grant Assistance for the Feasibility Study : Medical Equipment Supply to Dak Nong Provincial General Hospital Project, Vietnam
10Conclusion of MOU with JBIC
01First Implementation of the Medium-Term EDCF Strategic Management Plan
12Cooperation Agreement Signing with the Ministry of Finance and Economy for the Operation and Management of the MDB Trust Fund Launching the International Development Consulting Center Introduction of the Country Cooperation Strategy and Program for Indonesia and Vietnam
12Conclusion of MOU between Korea Eximbank and the IDB
11Conclusion of MOU between Korea Eximbank and the AfDB
12First Grant Assistance for the Ex-post Assistance : The 2nd Misamis Oriental Telephone Expansion and Modernization Project, The Philippines
06Reaching over USD 2 Billion in Cumulative EDCF Loan Commitments
01Introduction of the Special Supporting Program on a Grant Basis
12Resumption of Government Contributions to EDCF in 5 years