on the Republic of Korea:
May 8, 2015
January 10, 2014
August 27, 2012
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August 25, 2010
Republic of Korea: Financial Position in the Fund
Transactions with the Fund
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|Republic of Korea and the IMF|
Updated July 28, 2015
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|April 01, 2008 -- Issues Brief - Reform of IMF Quotas and Voice: Responding to Changes in the Global Economy|
On March 28, 2008, the Executive Board of the IMF endorsed a major package of reforms that will enhance the institution's governance. Once approved by the Fund's Board of Governors (they are expected to cast their votes by April 28), the agreement will adjust quota shares to better reflect the relative weight of member countries in the world economy, particularly that of dynamic emerging countries. It will also enhance the voice and representation of low-income countries within the IMF.
|March 01, 2008 -- Issues Brief - Reform of IMF Quotas and Voice: Responding to Changes in the Global Economy|
In September 2005, the IMF embarked on a wide-ranging program of modernization called the Medium-Term Strategy. One important element of the Strategy is governance reform, including adjusting quota shares to reflect better the relative weight of members in the world economy and enhancing the voice and participation of low-income members within the institution. This reform is critical for the continued effectiveness of the Fund.
|March 26, 2001 -- Resolving and Preventing Financial Crises: The Role of the Private Sector -- An IMF Issues Brief|
It is important to encourage the involvement of private sector creditors in the resolution of crises, by reaching cooperative solutions to payment problems. If efforts to reach agreement on a voluntary approach are not successful, creditors may have to accept some constraint on their immediate demands for repayment and shoulder some losses.
|June 23, 2000 -- Recovery from the Asian Crisis and the Role of the IMF -- An IMF Issues Brief|
This brief updates a paper entitled The IMF's Response to the Asian Crisis that was issued in January 1999.