News Briefs

Italy and the IMF

Republic of Korea and the IMF





NEWS BRIEF No. 97/28
December 3, 1997
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

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."


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