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Although We Graduated from IMF Bailout Scheme…

Posted August. 24, 2001 08:29,   

Although We Graduated from IMF Bailout Scheme…

The president of the Bank of Korea is signing the recourse account to repay 111 million and 180 thousands dollars, the rest of the relief fund of 14 billion and 412.5 million dollars. Accordingly Korea has repaid all its debt from the International Monetary Fund. However, more effort is needed to truly overcome our economic crisis that comes from an uncertain economic situation and old economic problems, professionals pointed out.