Hungary: First Post-Program Monitoring Discussions

June 15, 2011

Preview Citation

Format: Chicago

Hungary: First Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2011) accessed November 24, 2024

Summary

The economic development of Hungary after the economic crisis is discussed. Hungary’s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary’s high public debt and large financing needs, Executive Directors emphasized the need for full and timely implementation of consolidation measures. Directors also recognized the positive collaboration between the European Union and the IMF during the program period. Furthermore, the foreclosure moratorium continues to prevent banks from cleaning balance sheets.

Subject: Banking, Expenditure, External debt, Financial institutions, Foreign exchange, Loans, Public debt

Keywords: Core price, CR, Demand, Demand data, Discussion, Eastern Europe, Estimate, Europe, FX reserve, Global, ISCR, Loans, Market condition, Staff appraisal

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/137
Stock No:

1HUNEA2011002
ISBN:

9781455279555
ISSN:

1934-7685

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