Missing Madeleine
Come join us...there's more inside you cannot see as a guest!

Join the forum, it's quick and easy

Missing Madeleine
Come join us...there's more inside you cannot see as a guest!
Missing Madeleine
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Hungary considering paying back bailout loan early and closing IMF Office

Go down

Hungary considering paying back bailout loan early and closing IMF Office Empty Hungary considering paying back bailout loan early and closing IMF Office

Post  Panda Thu 10 Oct - 8:58

Budapest has announced it is considering paying back its bailout loan from the International Monetary Fund early as well as closing the IMF’s Hungarian office.

Gyorgy Matolcsy, president of the central bank, said in a letter to the IMF Managing Director Christine Lagarde that, while they appreciated “the valuable support” the fund had given Hungary, the stand-by credit programme “is almost complete”.

As such, Mr Matolcsy said, it was no longer necessary for the IMF to keep an office in Hungary. The IMF said its representative in Hungary was due to leave soon anyway.

Panda
Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 67
Location : Wales
Warning :
Hungary considering paying back bailout loan early and closing IMF Office Left_bar_bleue0 / 1000 / 100Hungary considering paying back bailout loan early and closing IMF Office Right_bar_bleue

Registration date : 2010-03-27

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum