Like other developing countries, North Korea is short of capital for economic development. Adding to the shortage North Korea is under strict economic sanctions by the U.S. and has yet to embrace the market economy which hinders its economic development.
In this section, we would like to discuss about the role of Multilateral Lending Institutions and the private capital. How can Multilateral Lending Institutions and the private capital be helpful to North Korea and what roles can it play when the sanctions are lifted? What does North Korea need to get financial support from Multilateral Lending Institutions and to attract private capital? By answering these questions, we expect to have a better understanding of North Korea’s potential for denuclearization, economic development, and transition to a market economy.