Hungary to Pay Back IMF Credit

People ♦ Published: August 14, 2013; 09:54 ♦ (Vindobona)

A year earlier than necessary € 2.15bn go back to the International Monetary Fund (IMF).

Hungary to Pay Back IMF Credit / Picture: ©

Hungary has, according to reports by the government, paid back the billion-worth credit one year ahead of the deadline. The outstanding debts in the amount of € 2.15bn were settled on Monday, according to the Ministry of Economy. The last rate of the bail out package by IMF and the European Union in the volume of € 20bn would have been due in the third quarter of 2014…