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Hungary : first post-program monitoring discussions

Author: International Monetary Fund. European Department.
Publisher: Washington, D.C. : International Monetary Fund, ©2011.
Series: IMF country report, no. 11/137.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
The economic development of Hungary after the economic crisis is discussed. Hungary's economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary's high public debt and large financing needs, Executive Directors emphasized the need for full and timely implementation of consolidation measures. Directors also recognized the  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund. European Department.
ISBN: 9781462306220 1462306225 1455276545 9781455276547
OCLC Number: 748675210
Description: 1 online resource (49 pages).
Series Title: IMF country report, no. 11/137.
Other Titles: Hungary, first post-program monitoring discussions
Responsibility: prepared by the European Dept. in consultation with other departments.
More information:

Abstract:

The economic development of Hungary after the economic crisis is discussed. Hungary's economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary's high public debt and large financing needs, Executive Directors emphasized the need for full and timely implementation of consolidation measures. Directors also recognized the positive collaboration between the European Union and the IMF during the program period. Furthermore, the foreclosure moratorium continues to prevent banks from cleaning balance sheets.

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