IMF to Leave Hungary

Politics ♦ 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,…

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