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IMF Board to review Hungary’s economy on January 18

The International Monetary Fund’s executive board will review the state of Hungary’s economy at a meeting on January 18, an assessment that will likely set the stage for u%oming discussions on a new loan programme for the country, Down Jones said on Thursday.

IMF resident representative Iryna Ivaschenko told Dow Jones Newswires the board plans to consider Hungary’s annual economic review and post-program monitoring report on January 18, but won’t be considering a request from Budapest for a new precautionary credit line at the meeting.

However, the assessments will likely outline the IMF’s concerns about the government’s economic policies, and that will provide a rough indication of basic terms the IMF will be seeking in negotiations for a new joint IMF-European programme, Dow Jones said.

Hungarian officials said the board will also discuss the IMF’s next official mission to Hungary, the newswires added.