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.

Global Asia Europe America Africa
Representative Office(24) Overseas Subsidiaries(5)

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OPERATION SYSTEM OF EDCF

The Ministry of Economy and Finance (MOEF) is responsible for the overall management of EDCF, including establishment of policy directions and selection of projects to be financed by the Fund.

The Ministry of Foreign Affairs (MOFA), as an official window for the EDCF, receives EDCF loan applications from recipient governments, and executes governmental arrangement for individual projects and agreements for defining a basic framework.

The Export-Import Bank of Korea, entrusted by the Korean governments, implements EDCF through various measures, including comprehensive appraisals and monitoring of EDCF projects, conclusion of loan agreements and their evaluations.

The operation and management of EDCF is deliberated by the Fund Management Council, which is composed of 13 members, most of whom are ministerial-level government officials. The Chairman of the Council is the Minister of Strategy and Finance.

fund management council(deliberation council) - other relevant ministries - the export-import bank of korea(excuting agency)

ministry of economy and finance - minitry of foreign affairs(official window)

FUND MANAGEMENT COUNCIL
(Deliberation Council)

  • Deliberation on principal policies
  • Deliberation on EDCF operational programs and review of financial statements
  • Determination of assistance policy for important projects
  • Other matters deemed necessary

MINISTRY OF ECONOMY AND FINANCE
(Operating Body)

  • Drafting EDCF operational programs and financial statements
  • Preparing principal policies concerning operation and management
  • Selection of project under considering for assistance
  • Loan approval
  • Proposal presentation to the Fund Management Council

MINISTRY OF FOREIGN AFFAIRS
(Official Window)

  • Acceptance of loan requests
  • Notification of assistance policies
  • Execution of inter-governmental agreements
  • Liaison

THE EXPORT-IMPORT BANK OF KOREA
(Executing Agency)

  • EDCF operation and management
  • Dispatch of appraisal mission
  • Preparing appraisal reports
  • Loan negotiations
  • Execution of loan agreements
  • Loan disbursements
  • Collection of payment of principal and interest thereon
  • Project supervision
  • Ex-post evaluation
  • Other advisory services