South Korean Finance Minister Lee Hyoung-il emphasized the need to address disparities for sustainable growth at the IMFC meeting in Bangkok on October 17, 2026. The IMF noted global economic recovery but persistent uncertainty, calling for coordinated policies on global imbalances and debt.
The discussions at the IMFC meeting highlight global economic priorities, including sustainable growth, AI adoption, and debt management, with South Korea actively participating and contributing to these international efforts. The IMF's positive outlook on South Korea's economy and its growth forecast revision underscore the country's economic performance.
South Korean Finance Minister Lee Hyoung-il emphasized the importance of addressing disparities to achieve sustainable growth during a meeting of the International Monetary and Financial Committee (IMFC) in Bangkok on October 17, 2026. The IMF acknowledged global economic recovery but pointed to persistent uncertainty and downside risks, advocating for policies that ensure macroeconomic and financial stability while supporting AI adoption and digital transformation. The organization also called for international coordination to tackle global imbalances and debt issues in low-income countries. Lee endorsed the IMF's stance on maintaining fiscal soundness and fostering private sector growth, highlighting South Korea's efforts in responsible fiscal policies and narrowing gaps in housing, jobs, and financial services. On the sidelines, Lee met with IMF leadership, who noted the upward revision of South Korea's growth forecast to 3.3% for the year. Lee and IMF Managing Director Kristalina Georgieva signed a letter of intent to cooperate on an AI Hub initiative aimed at using AI to address global crises.
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