Hungary: Request for Stand-By Arrangement-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
IMF Staff Country Reports, November 17, 2008
Source details
- Canonical URL
- Hungary: Request for Stand-By Arrangement-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
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Bibliographic details
- Authors: Arrangement-Staff Report
- Published: November 17, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818116.002
Overview
- Document type: IMF Staff Country Report for the Request for Stand-By Arrangement of Hungary.
- Main focus: Examination of financing conditions and economic challenges facing Hungary.
- Context: Hungary was among the first emerging market countries to suffer from the fallout of the current global financial crisis.
Key findings and risk factors
- Compared with other emerging markets, Hungary’s higher stock vulnerabilities imply that a large amount of debt needs to be serviced and rolled over.
- Added risks include the large share of foreign currency lending by both domestic banks and subsidiaries of foreign parents.
Scope and subjects covered
- Subjects: Banking, Credit, External debt, Fiscal consolidation, Fiscal policy, Fiscal stance, Money, Public debt.
- Keywords: CR, Credit, financial market stress, financial markets in Hungary, financial support, Fiscal consolidation, Fiscal stance, Global, GRA credit, Hungary, IMF arrangement, IMF's financial support, ISCR, request, request for stand-by arrangement, The Fund.