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Korea - Eighth Development Finance Corporation Project (English)

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  • Korea - Eighth Development Finance Corporation Project (English)
  • World Bank (WB)


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Title Korea - Eighth Development Finance Corporation Project (English)
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Material Type Others
Publisher

World Bank (WB)

Date 1980
Language English
File Type Link
Subject Economy < Financial Policy

Abstract

The First Korea Long Term Credit Bank Project incorporates a package of financial sector policy measures which will be implemented by the Government, as a part of a comprehensive reform of the financial system of Korea. The loan will be used to help cover the foreign exchange requirements of subprojects to be financed by KLTCB over the next two years. In order to encourage increased mobilization of medium-term foreign commercial borrowings by KLTCB, the loan will incorporate a special amortization feature, which will permit the blending of Bank and commercial resources. There is no special risk associated with the project.