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The Bank provides a sovereign EDPF loan to the governments of developing countries implementing development projects.
The Bank may provide grants for partner countries' feasibility study and environmental-social impact assessment through EDPF if the lack of government budget or know-how, etc. Stands in the way of proceeding with preparation of the candidate project to the next steps.
Note : Any bidder who is (i) convicted by a court in the partner country or the Republic of Korea for fraud, corruption, etc.,(ii) listed for sanctions by the United Nations or the United States,(iii) debarred by multilateral development banks, or (iv) determined ineligible by EDCF may be disqualified to further participate in the bidding process.
EDPF loans are disbursed on demand by the borrower in line with the progress of construction of the project, within the commitment amount mutually agreed between the parties, in accordance with the relevant guideline of the Bank.