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The Bank finances projects whose aim is to promote economic development and social welfare in developing countries (e.g. infrastructure projects, etc.), which meet the ODA eligibility requirements* defined by the OECD's Development Assistance Committee (DAC).
*Official Development Assistance (ODA) : a government aid that promotes and specifically targets the economic development and welfare of developing countries (definition of the OECD DAC)
EDPF focuses on projects which are expected to have a significant development impact on partner countries.
- EDPF loans are provided to the projects aiming to promote economic and social development in partner countries.
EDPF is a concessional loan respecting the ODA criteria set by the OECD DAC.
- Terms and conditions of individual loans are determined by the credit and income statuses of the borrowing country and financial market conditions, etc.
EDPF is an untied loan.
- It can be used for the purchase of goods and services from virtually any country, rather than a specific country.