Choo holds multiple meetings with world finance leaders

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, left, shakes hands with World Bank Group President David Malpass during Choo's visit to the bank's headquarters in Washington, D.C., Wednesday (local time). Courtesy of Ministry of Economy and Finance

By Yi Whan-woo

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is holding a string of bilateral and multilateral meetings during his trip to the United States.

The purpose of the trip is to attend the gathering of the finance ministers from G20 countries as well as the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, D.C., from Wednesday to Friday (local time).

The topics range from supply chain disruptions to inflation, tightened monetary policy and recessionary fears.

According to the Ministry of Economy and Finance, Choo is aiming to underline the stability of Korea's fiscal health despite growing market volatility, which is being driven by economic risks from both within and outside the country.

One-on-one talks ― on the sidelines of the aforementioned meetings ― are also on Choo's schedule. Consequently, he met with Indian Minister of Finance and Corporate Affairs Nirmala Sitharaman at the IMF's headquarters on Wednesday.

Also on Wednesday, Choo met with World Bank Group President David Malpass at the bank's headquarters.

Additionally, Cho has plans to meet IMF Managing Director Kristalina Georgieva and other top-ranking officials from the credit rating agencies S&P, Moody's and Fitch.