Meeting with Finance Ministers of Major Countries Including Australia, Finland, and Qatar, and Scheduled Meeting with Moody's
Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, is departing on the 19th from Incheon Airport to attend the APEC Finance Ministers' Meeting in Lima, Peru, and the G20 Finance Ministers' Meeting in Washington D.C., USA.
Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, will visit the United States to attend the Asia-Pacific Economic Cooperation (APEC) and Group of Twenty (G20) Finance Ministers and Central Bank Governors meetings.
According to the Ministry of Economy and Finance on the 20th, Deputy Prime Minister Choi departed the previous evening through Incheon International Airport and will attend the 2024 APEC Finance Ministers' Meeting held in Lima, Peru, from the 20th to the 21st.
This meeting will be attended by representatives from the 21 APEC member economies, major international organizations such as the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD), as well as members of the APEC Business Advisory Council (ABAC), the official private sector advisory body of APEC, to discuss regional and global economic conditions, sustainable finance, digital transformation, and more.
On the 22nd, Deputy Prime Minister Choi will hold his first Korean economic briefing (Investor Relations, IR) for global investors since taking office in New York, USA. At this briefing, he plans to inform institutional investors about the solid fundamentals of the Korean economy based on a sound fiscal stance, as well as the government’s policy directions including a dynamic economy and the advancement of capital and foreign exchange markets.
From the 23rd to the 24th, he will attend the 4th G20 Finance Ministers and Central Bank Governors Meeting of 2024. This meeting will be held in Washington D.C., USA, in conjunction with the annual meetings of the IMF and the World Bank (WB), and it is the last finance ministers’ meeting hosted by Brazil, the chair country this year.
At this meeting, discussions are expected to take place in two sessions on topics such as multilateral development bank (MDB) reform and global economic cooperation measures, reviewing this year’s achievements and future tasks.
In Session 1, Deputy Prime Minister Choi, as a co-chair country of the International Financial Architecture Working Group, plans to emphasize the significance of the MDB reform roadmap through a keynote speech and request its smooth implementation. In Session 2, he will propose fundamental solutions such as restoring growth potential through structural reforms and fiscal innovation to enhance global crisis response capabilities.
On the final day, the 25th, Deputy Prime Minister Choi will attend the WB Development Committee meeting to discuss a future-ready World Bank Group (WBG). He will hold his fourth meeting this year with the WB President, following meetings in January, April, and July, to discuss cooperation issues between Korea and the WB.
On the same day, he will meet with Marie Diron, Global Head of Sovereign Ratings at Moody’s, a global credit rating agency, to explain major economic policy directions, and with Isabel Delhom, Director and Head of Strategy and Product Development at Euroclear, the group’s top executive responsible for the integrated government bond account, to discuss final checks in preparation for the actual inflow of funds into the WGBI in the second half of next year.
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