Press Release: Hungary Repays Early Its Outstanding Obligations to the IMF

IMF News, August 12, 2013

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Press Release: Hungary Repays Early Its Outstanding Obligations to the IMF

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Bibliographic details

• Published: August 12, 2013

Repayment summary

• Hungary repaid, ahead of schedule, obligations to the IMF amounting to SDR 1.88 billion (about US$2.85 billion).
• This repayment completes the repayment of the SDR 7.64 billion (about US$11.6 billion) which Hungary had borrowed from the IMF during 2008-09 under its Stand-By Arrangement.
• The amounts repaid early are obligations falling due in 2013 and 2014 under the original repayment schedule.

Background and timing

• Press Release No. 13/306
• Date: August 12, 2013
• IMF COMMUNICATIONS DEPARTMENT

Contact (as provided)

• Media Relations
• E-mail: media@imf.org
• Phone: 202-623-7100

Press Release No. 13/306, August 12, 2013, IMF COMMUNICATIONS DEPARTMENT.

References

• Hungary and the IMF
• Press Releases
• PRESS CENTER
• Press Release 08/275
• https://www.imf.org/en/home