Hungary: Request for Stand-By Arrangement-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion

International Monetary Fund

No 2008/361, IMF Staff Country Reports from International Monetary Fund

Abstract: This staff report for the Request for Stand-By Arrangement of Hungary examines financing conditions and economic challenges. Hungary was among the first emerging market countries to suffer from the fallout of the current global financial crisis. Compared with other emerging markets, Hungary’s higher stock vulnerabilities imply that a large amount of debt needs to be serviced and rolled over. Added risks include the large share of foreign currency lending by both domestic banks and subsidiaries of foreign parents.

Keywords: ISCR; CR; request; Hungary; financial support; IMF arrangement; The Fund; GRA credit; financial market stress; request for stand-by arrangement; IMF's financial support; financial markets in Hungary; Fiscal consolidation; Fiscal stance; Credit; Global (search for similar items in EconPapers)
Pages: 79
Date: 2008-11-17
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