News Brief: IMF Management Welcomes Italy’s Participation in Korean Financing Package
December 3, 1997
IMF Management Welcomes Italy’s Participation in Korean Financing Package
Stanley Fischer, First Deputy Managing Director of the International Monetary Fund (IMF) said today in Washington: "The Italian authorities have just informed the IMF that, like other G-7 countries and Australia, Italy is prepared to make available supplemental financing in support of Korea’s program with the IMF in the event that unanticipated adverse external circumstances create the need for additional resources to supplement Korea’s reserves and resources made available by the IMF and other international instutions. I welcome this."