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Korea - Second Citizens National Bank Project (English)

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  • Korea - Second Citizens National Bank Project (English)
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Title Korea - Second Citizens National Bank Project (English)
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Material Type Others
Publisher

World Bank (WB)

Date 1982
Language English
File Type Link
Subject Economy < Financial Policy

Abstract

The Second Citizens National Bank Project represents continued Bank support for small-scale industries which are important to Korea's objectives of regional dispersal of industry, employment creation, and sustaining growth in industrial exports via linkage between small and large firms. Project objectives are: (a) to assist CNB to move prudently toward term transformation, (b) to upgrade CNB's term lending capability at the branch level, and (c) to encourage CNB to diversify its sources of foreign currency. The proposed loan would be used to help cover the foreign exchange requirements of subprojects to be financed by CNB over the next two years.