Politics

IMF to Leave Hungary

Published: July 16, 2013; 12:41 · (Vindobona)

Hungary´s National Bank MNB has called the IMF to close its representative office. Hungary wants to repay the loan facility provided by the IMF soon.

IMF to Leave Hungary / Picture: © IMF

According to MNB´s governor György Matolcsy, IMF´s presence in Hungary is “inadequate”. As a result, it would be better that the International Monetary Fund closes its representation in Budapest, Matolcsy wrote in a letter to IMF´s director Christine Lagarde.

At the end of August, the term of the head of office in Budapest, Iryna Ivaschenko, will run off. Then,…

This article includes a total of 471 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

IMF to Leave Hungary

Hungary´s National Bank MNB has called the IMF to close its representative office. Hungary wants to repay the loan facility provided by the IMF soon.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.