Seoul: South Korea will hold an annual consultation session with the International Monetary Fund (IMF) this month to discuss the country's overall economic situation and policies, the finance ministry said Wednesday. An IMF delegation, led by mission chief Rahul Anand, is scheduled to visit the country for the annual consultation from Thursday to Sept. 24, the ministry said in a press release.
According to Yonhap News Agency, the IMF officials will engage in a series of meetings with the finance ministry, the Bank of Korea, other organizations, and private companies to discuss a range of economic issues, growth prospects, and relevant policy measures. The team plans to hold a press conference on Sept. 24 to explain the results of the annual session.
The IMF had previously revised down its growth forecast for South Korea's export-dependent economy to 0.8 percent for this year, citing ongoing global uncertainty amid U.S. tariff measures.