European Parliament Library

Hungary :, First Post-Program Monitoring Discussions

The economic development of Hungary after the economic crisis is discussed. Hungary’s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary’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
Table Of Contents
Cover; Executive Summary; Contents; I. Context; II. Setting; A. Recent Economic and Financial Developments; Figure; 1. Recent Economic Developments, 2005-11; Boxes; 1. Hungary's Crisis Vulnerabilities - Then and Now; B. Policy Responses; 2. Local Government Finances; 3. Measures in the Scheme to Support Mortgage Debtors and an Efficient Functioning of the Mortgage Market; III. Report on the Discussions; A. Macroeconomic Outlook and Risks; B. Policies; 4. Alternative Metrics of Reserve Coverage; IV. Staff Appraisal; Tables; 1. Main Economic Indicators, 2007-12; 2. Central Bank Survey, 2006-12
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (50 p.)
Specific Material Designation
Form Of Item

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