Trade & Investment

Trade & Investment

Korean Development Assistances (ODA) under Economic Development Cooperation Fund (EDCF)

The Republic of Korea is an important bilateral development partner of Sri Lanka contributing to the strategic development priorities of the Sri Lankan Government.

The Government of Korea provides concessional loans through the Economic Development Cooperation Fund (EDCF) of the Export-Import Bank of Korea. Since 1990, the EDCF of the Exim Bank of Korea has provided concessional loans as per the following Framework Arrangements signed between the Governments of the Republic of Korea and Sri Lanka.

Signed Framework Arrangements

Signed Framework Arrangements
  Period Loan Amount
1 2008-2009 USD 140 million
2 2009-2012 USD 200 million
3 2012-2015 USD 290 million
4 2017-2019 USD 500 million

The following Key projects have already been successfully completed under the assistance of Government of Republic of Korea.

Flagship projects implemented under the EDCF Assistance

Flagship projects implemented under the EDCF Assistance
Se. Name of the Project Loan US $ Mn
1 Ruhunupura Water Supply project 76
2 Improvement of Anuradhapura – Padeniya Road (80.8Km) 66
3 Administrative Complex in Hambantota 20
4 Upgrading Niyagama National Vocational Training Centre project 10

Framework Agreement signed for 2017-2019 is attached.

Framework Arrangement between the GoK and the GoSL concerning Loans from the EDCF 2017 to 2019