PowerPoint-WorldBankGroup.pptVIP

Current Fiscal Policy and  Expenditure Management in Korea ;;Ⅰ. Main Features in Fiscal Policy ;;;;;;;;;;;;;;Ⅱ. Role in economic development;;;;;Ⅲ. Policies during the crisis period (’97~’99) ; Restructuring the financial sector · KAMCO and KDIC issued bonds (total 97 trillion won) to clean non-performing loans and to add capital to a required level. Banks and other financial institutions could remain credible and functioning because of this restructuring. · Rule of thumb for cost sharing: a half by the financial institutions and the other half by the government. · The government i