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Economy Financial Policy
Official Aid General

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EDCF your development partner : 1987-2007 History book

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Frame of Image GUE The Government of Korea established the Economic Development Cooperation Fund (EDCF) on June 1, 1987 with the purpose of promoting economic cooperation between Korea and developing countries. 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 financial resources of the EDCF consist of contributions and borrowings from the government as well as its own operational profits. As of December 31, 2007, the EDCF had raised a total KRW 2,117 billion through these resources, for a cumulative loan commitment of KRW 3,188 billion, while its disbursements from those funds stood at KRW 1,773 billion. The EDCF offers two types of loans: (1) loans to foreign governments, government agencies, and other eligible organizations to support the economic development of developing countries; and (2) loans to Korean firms for overseas investment projects. Thus far, most of the loans have been extended to foreign governments for their development projects. The highest policy-making authority of the EDCF is the Fund Management Council, which is composed of 12 members, most of whom are ministerial-level government officials. The direction of EDCF operations and the assumption of principal policymaking responsibilities rest with the Ministry of Strategy and Finance (MOSF), which also coordinates policy matters with other relevant ministries. Entrusted by the MOSF, the Expor


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Title EDCF your development partner
Similar Titles
Sub Title

1987-2007 History book
Material Type Report
Author(English)

The Export-Import bank of Korea(EDCF)

Publisher

Seoul : The Export-Import bank of Korea(EDCF)
Date 2012
Pages 82
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Official Aid < General
Holding The Export-Import bank of Korea(EDCF)
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