European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Background and Recent Economic Challenges; II. The SBA-Supported Program; A. Overall Program Objectives; B. Macroeconomic Framework; C. Fiscal Policy Stance and Fiscal Framework; D. Financial Sector and Financial Markets; E. Monetary and Exchange Rate Policy; III. Program Modalities; A. Access; B. Capacity to Repay the Fund and Risks to the Program; C. Program Monitoring and Conditionality; IV. Staff Appraisal; Tables; 1. Main Economic Indicators, 2005-09; 2. Balance of Payments, 2007-09; 3. Staff's Illustrative Medium-Term Scenario, 2005-11
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (80 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613726629

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