IMF shuts up shop in Budapest as Hungary clears its debt


The Central Bank of Hungary has repaid its €721 million debt to the International Monetary Fund (IMF) ahead of schedule, clearing the way for the Fund to pack up its representative office in Budapest at the end of the month.

The repayment wipes the slate clean between the Central Bank of Hungary and the IMF, and the Hungarian authorities are keen to reduce the fund's presence in the country. The central bank's governor, György Matolcsy, informed the IMF's managing director, Christine Lagarde, of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: