제목NB 00.72 IMF Completes Final Review of Korea Program
설명IMF Completes Final Review of Korea Program
The Executive Board of the International Monetary Fund (IMF) today
completed the seventh and eighth reviews under the stand-by credit for
Korea. Korea does not intend to draw the SDR 543.75 million (about
US$720 million) that is available as a result of today’s decision.
Korea’s three-year stand-by credit was approved on December 4, 1997 in
an amount equivalent to SDR 15.50 billion (about US$21 billion). Of the
total SDR 14.4 billion (about US$19.5 billion) that Korea drew under the
program, it has repaid SDR 9.95 billion (about US$13.5 billion). This
includes advance repayments under the Supplemental Reserve Facility
(SRF). The stand-by expires on December 3, 2000 and no further
Executive Board reviews are scheduled.