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IMF cuts estimate for Hungary's need to renew debt

The IMF cut its estimate of the amount of maturing debt Hungary will have to renew this year to 101% of reserves from 171%, Reuters reported.

The IMF cut the estimate along with estimates for Poland, Lithuania, Ukraine and Bulgaria. The IMF earlier revised downward its estimates for the Czech Republic, but raised the estimate for Estonia.

The estimate for Poland was lowered to 141% of reserves from 169%. Bulgaria's dropped to 132% from 188%, Lithuania's fell to 204% from 425% and Ukraine to 117% from 208%. Earlier, the estimate for the Czech Republic was cut to 89% from 236%, but Estonia's was raised to 346% to 210%. (MTI – Econews)