"The International Monetary Fund is in close dialogue with Hungary and the European Union and stands ready to provide technical and financial support for the country if needed, the Fund's head said on Monday.In a statement, Dominique Strauss-Kahn also said Hungary's markets had experienced stress in recent days "despite the country's improved macroeconomic and financial policies of the past years."
"We will provide technical assistance as needed and, in the context of a supportive policy setting, are ready to undertake discussions on possible financial assistance, responding rapidly," the statement said.
Hungary's prime minister said on Monday the fund's offer of financial assistance was a last resort and the country only needed the offer so that it would never have to make use of it."
Source: HVG
14.10.2008