소장기록
제목EBM 97.112 REPORT BY MANAGING DIRECTOR
설명2. REPORT BY MANAGING DIRECTOR The Managing Director asked the Director of the Asia and Pacific Department to provide an overview of the very latest developments in Korea. The Director of the Asia and Pacific Department made the following statement: The situation in Korea has been progressively deteriorating and the rollover of short-term debt has become the main problem. The Bank of Korea has had to intervene substantially, both in the spot and in the forward foreign exchange market, Foreign exchange reserves, which until the end of October totaled over $30 billion, have dropped significantly below that level and were approaching dangerously low levels. In the meantime, the authorities have held discussions with Fund management. The Managing Director visited briefly Seoul, as did the First Deputy Managing Director. The Korean authorities realized that, in order to stem further erosion of confidence and reassure the markets, it was necessary to adopt a strong program of financial sector reform and secure a financing
생산자IMF
날짜1997-11-21
기록유형문서류
기록형태회의록/자료
주제IMF협상
식별번호KC-R-00982
제목EBM 97.112 REPORT BY MANAGING DIRECTOR
설명2. REPORT BY MANAGING DIRECTOR The Managing Director asked the Director of the Asia and Pacific Department to provide an overview of the very latest developments in Korea. The Director of the Asia and Pacific Department made the following statement: The situation in Korea has been progressively deteriorating and the rollover of short-term debt has become the main problem. The Bank of Korea has had to intervene substantially, both in the spot and in the forward foreign exchange market, Foreign exchange reserves, which until the end of October totaled over $30 billion, have dropped significantly below that level and were approaching dangerously low levels. In the meantime, the authorities have held discussions with Fund management. The Managing Director visited briefly Seoul, as did the First Deputy Managing Director. The Korean authorities realized that, in order to stem further erosion of confidence and reassure the markets, it was necessary to adopt a strong program of financial sector reform and secure a financing
생산자IMF
날짜1997-11-21
크기 및 분량92쪽
언어영어
출처IMF
기록유형문서류
기록형태회의록/자료
대주제IMF협상
소주제1차협상
자원유형기록
파일 11de0422ace22336e5b8c35fc44bda10.pdf
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