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The International Monetary Fund's (IMF) first deputy director will visit South
Korea early next week to discuss outstanding challenges facing the global
economy, the finance ministry said Thursday.
David Lipton will arrive in Seoul on Monday and hold talks with top policymakers on issues including eurozone woes, high crude oil prices and other uncertainties that could affect economic growth, it said.
The IMF official is expected to hold talks with Finance Minister Bahk Jae-wan, Bank of Korea Governor Kim Choong-soo and economic advisers to President Lee Myung-bak on the second day of his visit to touch on current developments taking place around the world.
"Besides touching on economic affairs, Lipton will likely bring up plans to increase funds controlled by the IMF during talks," a ministry source said without going into details.
The deputy manager worked at the White House and for Citigroup before he joined the IMF.