The government intends to secure a loan agreement with the International Monetary Fund, Hungary’s chief negotiator Mihály Varga said, but it does not need money from the organization.
“The loan would be aimed at averting external risks in case of the collapse of the European markets or turbulence,” Varga said. The government and IMF started talks Wednesday about the country’s macroeconomic and fiscal developments over the past six months. “The situation has obviously become much more stable than it was a year ago. The government, however, retains its intention to reach a loan agreement,” Varga said.
