European Parliament Library

Republic of Korea :, Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Korea

The swift and decisive policy response of Korea has contributed to an impressive economic recovery from the financial turmoil. Executive Directors welcomed the well-calibrated and gradual exit strategy while aiming to achieve strong and sustainable long-term economic growth. Directors welcomed the National Fiscal Management Plan (NFMP) and the National Debt Management Plan (NDMP). They encouraged the authorities to introduce bolder reforms to raise productivity in the nontaxable sector and also to establish Food Safety System Certification (FSSC). They suggested that increased labor market flexibility and social protection would also help facilitate the rebalancing of the economy
Table Of Contents
Cover; Contents; I. Introduction; II. Recent Economic Developments and Outlook; A. Recovery from the Crisis--Back to the Future; Figures; 1. The Rebound; 2. Monetary and Financial Market Conditions; B. Outlook and Risks--Ignition of the Private Engine of Growth; Boxes; 1. Korea: Potential Spillovers from the Crisis in Greece; III. Policy Theme #1--Managing the Transition to Private-Led Growth; 3. Current Policy Settings; 2. Time for Monetary Policy Normalization in Korea?; IV Policy Theme #2: Securing Economic Resilience and Sustainable Growth; A. Enhancing Macroeconomic Policy Frameworks
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (48 p.)
Specific Material Designation
Form Of Item

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