IMF Mission Holds Routine Consultations In Hungary
- 18 Mar 2014 8:00 AM
A delegation from the International Monetary Fund (IMF) held routine annual consultations on economic policy in Hungary from March 5 to 17, the Economy Ministry said on Monday. The negotiations were the first since Hungary paid back ahead of schedule its 20 billion euro IMF loan taken out in 2008.
After the repayment of the loan last year, the IMF closed its office in Budapest. Economy Minister Mihály Varga received the mission heads, Costas Christou and Johann Prader, at the ministry.
Hungary is not an IMF programme country since it fully repaid its loan but has remained a member of the organisation.
Source www.hungarymatters.hu
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