Press Release No. 11/420

Press Release: Statement by the IMF’s Resident Representative to Hungary

November 17, 2011

The Resident Representative of the International Monetary Fund (IMF) to Hungary, Ms. Iryna Ivaschenko, today issued the following statement:

“The IMF team currently in Budapest is conducting a regular Article IV review and the second review under Post-Program monitoring of the Hungarian economy. The mission for the Article IV consultation is not a negotiating mission, but a mission to conduct the regular economic surveillance that the IMF performs for all member countries. The IMF has not received a request from the authorities to initiate negotiations on a Fund-supported program.”