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…
The International Monetary Fund (IMF) is set to hold an annual consultation with Korea this week to assess the nation's economic status and policies, the finance ministry announced on Monday. Led by mission chief Corinne Delechat, the IMF delegation is expected to engage in discussions with various government entities, including the Ministry of Finance and Economy, the Bank of Korea, and other public and private institutions.
The IMF delegation intends to hold a press conference on November 17 to present the outcomes of the annual session following a private meeting with Finance Minister Lee Hyoung-il, as outlined by the Ministry of Finance and Economy.
Earlier, the IMF had adjusted its growth projection for Korea's economy, raising it to 3.3 percent for the year from the July estimate, which had been 3.6 percent, a 0.7 percentage point increase. This upward revision was attributed to the global semiconductor supercycle.
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