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Restructuring and the role of international financial institution : A Korean view

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  • Restructuring and the role of international financial institution
  • Wang, Yunjong
  • Korea Institute for International Economic Policy


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Title Restructuring and the role of international financial institution
Similar Titles
Sub Title

A Korean view

Material Type Reports
Author(English)

Wang, Yunjong

Publisher

Seoul:Korea Institute for International Economic Policy

Date 1999-06
Series Title; No Working Paper / 99-06
ISBN 89-322-4049-3; 89-322-4026-4(세트)
Pages 66
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Holding Korea Institute for International Economic Policy

Abstract

Since the agreement on the IMF restructuring program, Korea has swiftly implemented a wide range of economic reform measures. All of the measures have been driven towards rebuilding market confidence as well as expediting the economic restructuring. Although foreign sentiment relates that Korea's restructuring process is moving toward the right direction but slowly, Korea deserves much credit for its recovery and reform efforts so far made, as it has come up with solid results. The international credit rating agencies have each upgraded Korea's sovereign credit rating from non-investment to investment, and it is among the evidences, which purport to show that Korea has been committed and will continue to commit itself to changes and improvement.
In retrospect, we can draw some lessons about the role of international financial institutions (IFIs). (The rest omitted)