Hungary: Fourth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria

December 22, 2009

Preview Citation

Format: Chicago

Hungary: Fourth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Hungary. All end-September 2009 quantitative performance criteria, the continuous performance criterion on nonaccumulation of external arrears, the indicative target on central government debt, as well as the continuous structural benchmark related to government lending to banks were met. Inflation in September breached the lower inner band of the inflation consultation mechanism. The structural benchmark on submission of legislation on strengthening the institutional framework for bank supervision was met with only a minor delay.

Subject: Banking, Credit, Currencies, Financial institutions, Fiscal policy, Fiscal stance, Loans, Money, Public debt

Keywords: Amount, CR, Credit, Currencies, Deficit target, Draft legislation, Europe, Executive board assessment, Fiscal stance, Fund work program, Global, ISCR, Legislation, Loans, Reform agenda, SDR, Supervision report

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/330
Stock No:

1HUNEA2009005
ISBN:

9781451818161
ISSN:

1934-7685

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