IMF talks move boosts Hungary

Hungary said on the 24 August 2010 that it was likely to return to talks with the International Monetary Fund in the autumn, providing a boost to investor confidence and helping its currency erase a two-day slump.

The IMF had walked away from budget talks in Budapest in July 2010 following a range of policy disagreements with Hungary’s new centre-right government, including a controversial €708m levy on the country’s financial sector.

ESO: Background information: Hungary PM rejects new IMF deal and austerity http://www.europeansources.info/record/hungary-pm-rejects-new-imf-deal-and-austerity/

IMF: Country Report: Hungary and the IMF http://www.imf.org/external/country/HUN/index.htm

Hungary: National Bank (MNB): Press Release, 23.8.10: Monetary Council’s meeting of 23 August 2010 http://english.mnb.hu/Monetaris_politika/decision-making/mnben_monet_kozlem/mtkozl_20100823_change_hosszu

EUObserver, 25.8.10: Budapest to restart IMF, EU talks in autumn http://euobserver.com/9/30671

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