소장기록
제목EBM 98.90 Republic of Korea - Third Quarterly Review Under Stand-By Arrangement
설명4. REPUBLIC OF KOREA-THIRD QUARTERLY REVIEW UNDER STAND-BY ARRANGEMENT The Executive Directors considered a staff paper on the third quarterly review under the Stand-By Arrangement for the Republic of Korea, together with the authorities’ letter of intent (EBS/98/129, 7128198: Sup. 1, B/14/98: and Sup. 2, 8127198). Mr. Kwon submitted the following statement: The Korean economy is overcoming the foreign exchange crisis situation with strong support from the international community, but hardships from structural adjustment are continuing. The current account surplus expanded to register US$22.4 billion in the first half of the year, and is expected to reach US$35 billion by the end of the year. Usable reserves surpassed the US!$40 billion level for the first time as of August 15, which is equivalent to four months of imports. The Korean won has stabilized further at around 1,300 won against US$ in August, despite the recent currency turbulence in other areas. If this currency turbulence deteriorates further, however, it may have a potentially adverse impact.
생산자IMF
날짜1998-08-28
기록유형문서류
기록형태회의록/자료
주제IMF협상
식별번호KC-R-00999
제목EBM 98.90 Republic of Korea - Third Quarterly Review Under Stand-By Arrangement
설명4. REPUBLIC OF KOREA-THIRD QUARTERLY REVIEW UNDER STAND-BY ARRANGEMENT The Executive Directors considered a staff paper on the third quarterly review under the Stand-By Arrangement for the Republic of Korea, together with the authorities’ letter of intent (EBS/98/129, 7128198: Sup. 1, B/14/98: and Sup. 2, 8127198). Mr. Kwon submitted the following statement: The Korean economy is overcoming the foreign exchange crisis situation with strong support from the international community, but hardships from structural adjustment are continuing. The current account surplus expanded to register US$22.4 billion in the first half of the year, and is expected to reach US$35 billion by the end of the year. Usable reserves surpassed the US!$40 billion level for the first time as of August 15, which is equivalent to four months of imports. The Korean won has stabilized further at around 1,300 won against US$ in August, despite the recent currency turbulence in other areas. If this currency turbulence deteriorates further, however, it may have a potentially adverse impact.
생산자IMF
날짜1998-08-28
크기 및 분량99쪽
언어영어
출처IMF
기록유형문서류
기록형태회의록/자료
대주제IMF협상
소주제후속조치
자원유형기록
파일 2c7124a8bf730e0f4b95f0a08da21ef6.pdf
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