Economic Development Cooperation Fund (Edcf) Tenders

The Economic Development Cooperation Fund (EDCF) is a development finance institution established by the South Korean government in 1987 to promote economic cooperation between South Korea and other developing countries. The EDCF provides concessional loans and grants to support development projects in various sectors, such as infrastructure, energy, health, education, and agriculture, among others. The EDCF operates on the basis of the Official Development Assistance (ODA) policy of the South Korean government, which aims to contribute to global development efforts and promote economic growth and stability in developing countries. The EDCF's funding comes from the South Korean government's budget, and its loans are usually offered at lower interest rates and longer repayment periods compared to commercial loans. The EDCF supports projects in partner countries through a range of financing mechanisms, including project loans, program loans, and technical assistance grants. The institution also works closely with partner governments and international organizations to identify priority areas for development and design appropriate financing packages to support those priorities.