Economy minister, IMF delegation review Hungary’s economic progress

Budapest (MTI) – Economy Minister Mihály Varga on Monday met a delegation from the International Monetary Fund (IMF) to jointly review Hungary’s economic policy accomplishments for 2016, the economy ministry said.

The minister and the delegation also discussed macroeconomic developments projected for this year and 2018, the overall state of Hungary’s budget as well as monetary policy outlooks for Hungary, the region and the global economy, the ministry said in a statement.

While in Hungary, members of the delegation meet with other senior officials of the economy ministry, representatives of the National Bank of Hungary and other public and financial sector players, the ministry said.

The IMF will compile its detailed report on Hungary over the course of the next two months.

In line with Article IV of the IMF’s charter, the fund must conduct a review of the economic policies of its member states at least once a year, the statement noted.

Source: MTI