Korea Exim Global Network
KOREAN

EDCF - Economic Development Cooperation Fund

ABOUT EDCF WHAT WE DO PUBLICATION & DATA NEWS & FAQ
Korea Exim Global Network
KR

ABOUT EDCF

WHAT WE DO

PUBLICATION & DATA

NEWS & FAQ

Success partner for your global takeoff,
The Global Network of Korea Eximbank.

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Representative Office(24) Overseas Subsidiaries(5)

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EDCF HISTORY

  • 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 Desember 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).

History

2000
2020 Elevation of Korea`s international status through remarkable economic growth 1990
1999 Multilateral aid for developing countries 1986
1989 Establishment of EDCF (Economic Development Cooperation Fund)
1989
  • 11 First Disbursement of the EDCF Loan : Passenger Coach Purchase Project, Nigeria
  • 05 Conclusion of the first Loan Agreement : Passenger Coach Purchase Project, Nigeria
1988
  • 12 First Contributions from Government
  • 11 Conclusion of the first Agreement and Arrangement : Padang By-Pass Project, Indonesia
1987
  • 12 Approval of the first EDCF Loan : Padang By-Pass Project, Indonesia & Passenger Coach Purchase Project, Nigeria
  • 07 Initial Contribution from Korean Government (KRW 15 billion)
  • 06 Establishment of the EDCF
  • 05 First Session of the Fund Management Council
1986
  • 12 Promulgation of the EDCF Act (Law No. 3863)
  • 09 Inauguration of the EDCF Research Group