Hungary : Third Review Under the Stand-By Arrangement, Requests for Extension of the Arrangement, Rephasing of Purchases, and Modification of Performance Criterion

Author/Editor:

International Monetary Fund

Publication Date:

October 19, 2009

Electronic Access:

Free Full text (PDF file size is 829 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Third Review Under the Stand-By Arrangement for Hungary. The end-June 2009 quantitative performance criteria, as well as the structural benchmark related to government lending to banks, were all met. The end-June indicative target on central government debt (excluding official financing) was not met for technical reasons. The key objectives of the program remain to improve fiscal sustainability and preserve financial stability. The macroeconomic outlook for 2009–10 has changed only modestly since the second review, reflecting in part the stabilization of the global outlook.

Series:

Country Report No. 09/304

Subject:

Frequency:

Annually

English

Publication Date:

October 19, 2009

ISBN/ISSN:

9781451818154/1934-7685

Stock No:

1HUNEA2009004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

59

Please address any questions about this title to publications@imf.org