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PM says government must take initiative in foreign policy and in talks with IMF

Hungary must pursue a bolder, more aggressive foreign policy, and it should adopt this more courageous and proactive stance in its in negotiations with the International Monetary Fund (IMF), Prime Minister Viktor Orbán stated during a meeting with Hungarian diplomatic officials on Monday.

The Prime Minister stated that the previous government's November 2008 standby loan with the IMF was in Hungary's best interest, adding, however, that this arrangement was a credit agreement, and not an economic-policy cooperation.

Orbán said that Hungary must coordinate its economic policies with the European Union.

He said that the government's objective is not crisis management, but to spur economic growth and employment, adding that the government aimed to transform Hungary into the most competitive economy in the central and eastern European region. (MTI-Econews)