Minister stated. Hungary confirms the need to borrow money from the IMF

Minister stated. Hungary confirms the need to borrow money from the IMF

Hungarian officials said. Financial system of the country can stand on their own. It also does not need money from the International Monetary Fund (IMF).

Xinhua news agency reported that Mr Ha Lee Varga Minister acting in coordination with the IMF's comment during an interview with the TV channel Hungarian Hir TV.

Minister said that we can sell securities worth 4.20 to 4.50 billion forint, or about $ 2 billion each year. To maintain a stable financial system.

Minister stated. Hungary intends to issue a loan agreement with the IMF To avoid the risk of market fluctuations or if the breakup.

Mr. Varga said. Their discussions with the staff of the IMF and the EU's macro-economic situation in Hungary during the past six months.

Office of the IMF says that. The official representative of the IMF and the EU are in Hungary until the 28th of Jan to track, report and review the implementation of the agreement has been signed on loan for the year. in 2551.