The Economic Development Cooperation Fund (EDCF) () is an agency created by the government of
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...
in 1987 to promote economic cooperation between South Korea and developing countries. In addition to the EDCF, South Korea provides
official development assistance
Official development assistance (ODA) is a category used by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure foreign aid. The DAC first adopted the concept in 1969. It is w ...
(ODA) through the
Korea International Cooperation Agency.
The more than 500 projects the EDCF has worked on to provide
international cooperation
In international relations, multilateralism refers to an alliance of multiple countries pursuing a common goal. Multilateralism is based on the principles of inclusivity, equality, and cooperation, and aims to foster a more peaceful, prosperous, an ...
include:
* in loans to Ghana and Tanzania;
* in aid to Bangladesh, the Philippines and Cambodia;
* The
Jalaur River Multi-Purpose Project Stage II;
* Up to in long-term loans to Ukraine; and
* for 30 development projects in Bangladesh.
In 2025, the
Ministry of Economy and Finance announced 14.1 trillion won in ODA to be provided over the following three years.
References
Aid
Economic development
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