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Hungary: Financial Position in the Fund
as of December 31, 1998

Summary of IMF members’ quota, reserve position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and monthly historical transactions with the Fund.

    I. Membership Status: Joined: May 06, 1982;Article VIII

  II. General Resources Account:SDR Million%Quota
       Quota754.80100.00
       Fund holdings of currency (Exchange Rate)698.7092.57
       Reserve Tranche Position56.107.43

III. SDR Department:SDR Million%Allocation
       Holdings0.52N/A

 IV. Outstanding Purchases and Loans:   None

  V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Mar 15, 1996  Feb 14, 1998264.18    0.00
      Stand-By  Sep 15, 1993  Dec 14, 1994340.00    56.70
      EFF  Feb 20, 1991  Sep 15, 19931,114.00    557.24

 VI.  Projected Payments to Fund:       None

VII. Implementation of HIPC Initiative: Not Applicable

VIII. Implementation of Multilateral Debt Relief Initiative (MDRI):  Not Applicable

IX. Implementation of Post-Catastrophe Debt Relief (PCDR):  Not Applicable

Prepared by Finance Department

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.