Hungary; First Post-Program Monitoring Discussions

The economic development of Hungary after the economic crisis is discussed. Hungaryâ€™s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungaryâ€™s high public debt and large financing needs, Executive Directors emphasized the need for full and timely implementation of consolidation measures. Directors also recognized the positive collaboration between the European Union and the IMF during the program period. Furthermore, the foreclosure moratorium continues to prevent banks from cleaning balance sheets.

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Year of publication:	2011-06-15
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Banks \| Economic indicators \| Financial sector \| Fiscal consolidation \| Fiscal reforms \| Post-program monitoring \| Staff Reports \| pension \| external debt \| current account \| public debt \| short-term debt \| debt sustainability \| central bank \| balance of payments \| pension assets \| pension pillar \| public sector debt \| external financing \| second pension \| private pension \| external debt sustainability \| debt reduction \| current account balance \| debt stock \| domestic currency \| sovereign debt \| pension funds \| health care \| currency mismatches \| government debt \| pillar pension \| retirement \| pension asset \| current account deficit \| repayments \| pension system \| total external debt \| moral hazard \| debt ratio \| wage growth \| debt dynamics \| contingent liabilities \| early retirement \| external funding \| asset management \| pensions \| government deficit \| debt accumulation \| foreign debt \| benefit schemes \| supervisory authority \| private pension funds \| reserve accumulation \| reserve management \| long-term debt \| external debt accumulation \| foreign loans \| market risk \| revenue collection \| disability pensions \| crisis countries \| debt servicing \| pension reform \| public finances \| currency mismatch \| currency debt \| pension reforms \| external liabilities \| inflation indexation

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/137 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244270