Publication: Magyar Közlöny
Issue: MK-2009-42 (Year: 2009, Number: 42)
Era: 2004-2010
Section: 
Paragraph Index: 170

2. The Memorandum of Understanding („the Memorandum”), laying down the economic policy criteria linked to each instalment and the reporting and monitoring conditions of the loan, was signed on 19 November 2008. These specific economic policy conditions will help the country to continue and enhance the fiscal consolidation efforts, to make progress with fiscal governance, financial sector regulation and supervision reforms and other measures to support a prudent, stability-oriented, and sustainable economic policy. The first instalment of EUR 2 billion was disbursed on 9 December 2008 following the signature of the Loan Agreement on 19 November 2008 and the fulfilment of conditions related to the 2009 budget. Subsequent instalments are tentatively scheduled for the first, the second and the fourth quarter of 2009, respectively.

Source: https://magyarkozlony.hu/hivatalos-lapok/60a8ea67ae0634355ca5616a473b2cba4a412158/dokumentumok/37d93bee8dcb3ca008a05d81fd5383d5e69b0423/letoltes