Hungary: Fourth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria
IMF Staff Country Reports, December 22, 2009
Source details
- Canonical URL
- Hungary: Fourth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria
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Bibliographic details
- Published: December 22, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818161.002
Review outcomes and compliance
- All end-September 2009 quantitative performance criteria were met.
- The continuous performance criterion on nonaccumulation of external arrears was met.
- The indicative target on central government debt was met.
- The continuous structural benchmark related to government lending to banks was met.
Inflation and consultation mechanism
- Inflation in September breached the lower inner band of the inflation consultation mechanism.
Structural benchmarks and legislative action
- The structural benchmark on submission of legislation on strengthening the institutional framework for bank supervision was met with only a minor delay.
Subject coverage and keywords
- 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