Korea asks IMF to help NK's reform efforts

Finance Minister and Deputy Prime Minister Kim Dong-yeon, left, talks with International Monetary Fund (IMF) Managing Director Christine Lagarde at a meeting in Bali, Indonesia, Oct. 13 (local time). Korea agreed to give the IMF $20 million over the next five years in support of the latter's capacity development efforts based on a mutual understanding on the need to strengthen the role of the international body. Kim also asked for the IMF's help for North Korea to become a part of the global community citing recent de-escalation of military tensions on the Korean Peninsula as well as denuclearization efforts undertaken by the isolationist regime. / Courtesy of Ministry of Economy and Finance