This Second Structural Adjustment Loan Project (SAL II) is part of a series of World Bank adjustment loans supporting the major structural reform program that the government of Korea has launched in response to the economic crisis. It builds on the work initiated under an Economic Reconstruction Loan approved on December 23, 1997, and continued under a Structural Adjustment Loan (SAL I) approved on March 26, 1998. SAL II will help Korea restore financial...
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