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Hungary :, Fourth Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Hungary. All end-September 2009 quantitative performance criteria, the continuous performance criterion on nonaccumulation of external arrears, the indicative target on central government debt, as well as the continuous structural benchmark related to government lending to banks were met. Inflation in September breached the lower inner band of the inflation consultation mechanism. The structural benchmark on submission of legislation on strengthening the institutional framework for bank supervision was met with only a minor delay
Table Of Contents
Cover; Contents; I. Introduction and Summary; II. Recent Developments; III. Policy Discussions; A. Macroeconomic Framework; B. Fiscal Policy; C. Financial Sector Policies; D. Monetary and Exchange Rate Policy; IV. Program Modalities; V. Staff Appraisal; Tables; 1. Main Economic Indicators, 2006-10; 2. Monetary Accounts 2006-10; 3. Balance of Payment, 2008-11; 4. Program Financing, 2008 Q4 to 2010 Q3; 5. Indicators of External Vulnerability, 2005-09 Q3; 6. Staff's Illustrative Medium-Term Scenario, 2006-14; 7. Consolidated General Government, 2008-11
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (65 p.)
Specific Material Designation
Form Of Item

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