Chopra.

• Position: South Korea and Mexico - Brief Article

Chopra opened by stressing the IMP's heavy emphasis on promoting recovery. In charting the Korean recovery, he then used Sweden, Finland, and Mexico as standards of comparison. Next Oh offered the perspective of a Korean financial supervisor. He pointed to the improved condition or me financial sector, noting such outcomes as the reduced number of banks and investment companies and the enhanced use of forward looking criteria for judging the credit worthiness of borrowers. He also listed various improvements that had been made in the financial structure of the corporate sector. Qureshi continued the emphasis on financial and corporate sector reforms. On the depth of reforms, Qureshi believes that Korea compares favorably with other crisis affected East Asian economies and with post-crisis Mexico. In the corporate sector major progress has been made in reducing...