FinMin says: IMF happy with Convergence Plan
The International Monetary Fund did not raise any concerns about the Hungarian convergence program at the autumn session of IMF and the World Bank, Finance Minister János Veres said after the plenary session of the three-day meeting.
The International Monetary Fund did not raise any concerns about the Hungarian convergence program at the autumn session of IMF and the World Bank, Finance Minister János Veres said after the plenary session of the three-day meeting. According to American experts, the problems of the mortgage loan market in the USA will have no effect on the processes in Hungary, he added. To the question as to whether Hungary could utilize the acceleration of the global and European economy; Veres answered with a definite yes. The increase in the volume of Hungarian exports is above 10%; the slower GDP-growth is due to the declined state demand that was financed from loans earlier, he added. (MH)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.