Tomorrow a Korean government official discusses financial safety nets with an audience in Washington. The presentation includes input from the International Monetary Fund and Institute of International Finance. The presentation is sure to include reference to Korea's Green Growth achievements alongside the Korea technology investment strategies that have raised Korea's standard of living.
As the financial global crisis demonstrated, volatile capital flows pose significant risks to emerging and developing countries. At the recent meeting of finance ministers and central bankers in Korea, there was strong support developing a financial safety net for developing economies on the G-20 agenda. The current proposal on the table envisions a combination of regional initiatives and financial support from the IMF.
Please join KEI for a discussion of why the issue of financial safety nets is a pressing one for the maintenance of the global financial architecture, how the G-20 and IMF handled the issue during the recent crisis and what proposals might be developed for the G-20 summit in Seoul this November. Director General Choi Heenam of the Ministry of Strategy and Finance in Korea will also provide insight into the perspective of the Republic of Korea, the current chair of the G-20, on this issue.
For attendance information, please contact Greg Scarlatoiu (gs@keia.org) or go to their website (www.keia.org).
Source: Korea Economic Institute
