Publication: Magyar Közlöny
Issue: MK-2010-19 (Year: 2010, Number: 19)
Era: contemporary
Section: A Kormány 28/2010. (II. 16.) Korm. rendelete
Paragraph Index: 10

5. In August/September 2009, the IMF and Commission services carried out a joint mission in the context of the 3rd IMF review under the Stand-by arrangement. The Commission services found that, on the basis of an unchanged macroeconomic outlook, the economic programme of the authorities was adequate, and fiscal targets were confirmed.Inviewofthegovernment`smarkedlyimprovedaccesstomarket-basedfinancing,andtakingintoaccount the recent IMF allocation of SDR 991 million to Hungary in the context of general and special allocations, the Hungarianauthoritiesrequestedare-phasingof the internationalassistance,wherebythe remainingassistancewould be disbursed over a longer period of time. On 25 September, the IMF Board completed the review and decided on the releaseof a disbursementof about EUR 55 millionto befollowedby four equaldisbursementsof about EUR 800 million each over the remainder of the arrangement (until 5 October 2010). Similarly, it was agreed that the remaining EU assistance would be rescheduled in the context of the next review by subdividing the planned fourth instalment in three sub-tranches to be disbursed in the first three quarters of 2010; the EFC was informed accordingly in September 2009.

Source: https://magyarkozlony.hu/hivatalos-lapok/797efede7efdaeb5c0cbe3cfdcb0e66ea7acb28e/dokumentumok/fb170d51c43c4b8beb68faf2ce6d0ea6baa19848/letoltes