Latest Breaking News On - North korea party congress - Page 1 : comparemela.com

The five-year economic plan laid out at the Party Congress is no course correction for the country. By January 20, 2021 Advertisement North Korean leader Kim Jong Un presented a new five-year economic plan and conceded that the country’s economy is struggling at a Workers’ Party Congress last week. On close examination, North Korea’s economy is showing deeply troubling signs, including a dysfunctional foreign exchange market, a steep drop-off in trade, and increasing food costs. International sanctions and coronavirus lockdowns have resulted in an unprecedented level of isolation that is quickly becoming an existential issue for Kim. Since last year, Pyongyang has replaced lost export earnings by tapping new revenue streams at home. The new five-year plan continues this theme, increasing self-sufficiency and consolidating centralized control; it’s more or less a continuation of policies announced at last year’s Fifth Plenary Meeting of the 7th Central Committee. But a

P yongyang siNorth koreaUnited statesNorth koreanAffairs commissionCentral committeeNational planning commissionUnited nations security councilParty congressParty central committeeWorker party congressFifth plenary meetingState affairs commissionEast asiaKim jong unNorth korea economic reforms