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

1HUNEA2009004 Image
Price:  $18.00

Release Date: © October, 2009
ISBN : 978-1-45181-815-4
Stock #: 1HUNEA2009004
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic policy , Fiscal policy , Monetary policy




More publications in this series: IMF Staff Country Reports