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N. Korea trainees to join IMF market-economy program.

SEOUL, Dec. 3 Kyodo

North Korea will dispatch, possibly next week, around 100 economics experts to a research program on market economy offered in Hong Kong by the International Monetary Fund and the World Bank, South Korea's Yonhap news agency said Thursday, quoting a Seoul official. There is no previous case of Pyongyang sending such a large number of experts for market-economy research. The North Korean officials and scholars will likely focus on ways to secure international loans and adjusting to a market economy, Yonhap said. The official of South Korea's Ministry of Foreign Affairs and Trade said Pyongyang could be considering drawing loans from the IMF or the World Bank. North Korea has already expressed its intention to join the Asian Development Bank and the International Bank for Reconstruction and Development, Yonhap said.
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Publication:Asian Economic News
Geographic Code:9SOUT
Date:Dec 7, 1998
Words:134
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