Korea, IMF to hold annual consultation on economy, financial policy
Korea will hold an annual consultation session with the International Monetary Fund (IMF) this week to discuss the country's overall economic situation and policies, the finance ministry said Monday. An IMF delegation, led by mission chief Corinne Delechat, is scheduled to have meetings with government ministries, including the finance, budget and industry ministries, the Bank of Korea (BOK) and…
Korea is set to convene an annual consultation with the International Monetary Fund (IMF) to review the nation's economic landscape and governmental financial strategies, according to a statement from the finance ministry on Monday. The mission from IMF, headed by chief Corinne Delechat, will engage in discussions with various government entities, including the finance, budget, and industry ministries, alongside the Bank of Korea and additional public and private entities, as outlined by the Ministry of Finance and Economy.
The IMF is set to release a press conference on November 17 to present the outcomes of the annual session after a preliminary meeting with Finance Minister Lee Hyoung-il. Earlier, the IMF had adjusted its growth forecast for Korea's economy upwards, projecting a 3.3 percent increase for the year, a 0.7 percentage point rise from the July estimate, driven by the ongoing global semiconductor supercycle.
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