Deputy Prime Minister Hong Holds Video Meeting with IMF Managing Director... "Sharing COVID-19 Response Cases"

Sharing Global Economic Trends Post-COVID-19, Discussing Korea-IMF Cooperation Plan

[Asia Economy Reporter Jang Sehee] The government has decided to share South Korea's response cases to the novel coronavirus disease (COVID-19) with international organizations such as the International Monetary Fund (IMF) as well as other countries.

On the 21st, Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, stated in a video meeting with IMF Managing Director Kristalina Georgieva, "The balanced implementation of bold economic recovery support measures, including four supplementary budgets in about 60 years along with quarantine efforts, was the reason South Korea was able to minimize the damage caused by COVID-19." He announced that South Korea's COVID-19 response experience would be shared with the IMF.

Deputy Prime Minister Hong requested, "As the pandemic comes under control, the IMF should take the lead in facilitating in-depth discussions on medium- to long-term risk factors the world will face." In response, Managing Director Georgieva said, "Thanks to South Korea's swift response to COVID-19, it suffered the least economic damage among OECD member countries."

Managing Director Georgieva also expressed gratitude for South Korea's establishment of the Technology Cooperation Fund in 2013 to support capacity building in low-income member countries. She requested South Korea's continued interest and support for low-income countries severely affected by COVID-19.

This content was produced with the assistance of AI translation services.