Newspaper article from our research archive:
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World Bank Seeking Credit Hogged by IMF in Korea Affair.
- Article from:
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Korea Times (Seoul, Korea)
- Article date:
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November 10, 1999
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Copyright informationCOPYRIGHT 1999 Hankook Ilbo. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The latest chapter of a dispute between the International Monetary Fund (IMF) and the World Bank appears to over Korea, the country that has most quickly recovered from the financial crisis which struck many Asian economies in 1997.
The World Bank, miffed about the lack of credit attributed to it despite its key role in Korea's economic recovery, in contrast to the limelight the IMF enjoys, is trying to stay involved in Korea's reform program perhaps in order to gain the respect they think they deserve.
This effort has been shown by the bank's request that Korea withdraw about $300 million in additional structural adjustment loan (SAL). Korea was granted a right ...
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