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Korea - Fourth Development Bank Project (English)

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  • Korea - Fourth Development Bank Project (English)
  • World Bank (WB)


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Title Korea - Fourth Development Bank Project (English)
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Material Type Reports
Publisher

World Bank (WB)

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

Abstract

The Fourth Korea Development 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 KDB over the next two years. In order to encourage a reduction in KDB's reliance on long-term official borrowings, the loan will incorporate a special amortization feature, which will permit the blending of Bank and commercial resources. There are no special risks associated with the project.