IMF Statement on HungaryPress Release No.11/422
November 21, 2011
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today:
“The IMF has received a request from the Hungarian authorities for possible financial assistance. The authorities have sent a similar request to the European Commission and indicated that they plan to treat as precautionary any IMF and EC support that could be made available.
“The IMF team currently in Budapest will now return to Washington for consultations with the IMF’s management and the Executive Board. Discussions on the 2011 Article IV will be concluded at a later stage.”