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Economy minister to represent Hungary at IMF

Hungary's National Economy Minister György Matolcsy will represent Hungary at the International Monetary Fund (IMF) in the future, the National Economy Ministry said in a statement late Tuesday.

The ministry explained the move citing government restructuring and noted it was in line with practices in many European Union member states.

Earlier, Hungary's central bank governor represented the country at the IMF.

The National Bank of Hungary governor will be the deputy representative for the country at the IMF, the ministry said.

MNB governor András Simor announced the planned change already on Monday, after a rate-setting meeting of the central bank's Monetary Council. On a conciliatory note, Simor — who was earlier attacked by top officials of governing party Fidesz — added that he agreed with the change as talks with the IMF focus on economic and fiscal matters rather than issues directly related to the central bank.

Talks between Hungary and a delegation from the IMF on the conditions for the country's financial aid package were suspended in July. (MTI-ECONEWS)