European Parliament Library

Hungary :, First Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria: Staff Report; Staff Statement; and Press Release on the Executive Board Discussion

This paper discusses key findings of the First Review for Hungary under the Stand-By Arrangement. All end-December 2008 quantitative performance criteria and the continuous performance criterion on nonaccumulation of external arrears were met. The structural performance criterion on submission to parliament of a draft support package for domestic banks by November 10, 2008, was observed. The end-December 2008 structural benchmarks of passage of the fiscal responsibility law and submission to parliament of amendments granting the Hungarian Financial Supervision Agency (HFSA) special remedial powers were also observed
Table Of Contents
Cover; Contents; I. Introduction; II. Recent Developments; Boxes; 1. Macro-Financial Vulnerabilities; Figures; 1. Financial Market Developments, 2008-09; III. Policy Discussions; A. Macroeconomic Framework; 2. Recent Economic Developments; B. Fiscal Policy; C. Financial Sector Policies; D. Monetary and Exchange Rate Policy; IV. Program Modalities and Safeguards Assessment; 3. Monetary Policy Indicators, 2008-09; 2. Stand-By Arrangement; V. Staff Appraisal; Tables; 1. Main Economic Indicators, 2005-09; 2. Monetary Accounts, 2005-10; 3. Balance of Payments, 2007-11
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
Form Of Item

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