According to the IMF, the government has passed the exams!

Not what we said!

According to the IMF, the government has passed the exams!

(And they didn't even have to take out a loan for this. The Gyurcsánys borrowed HUF 5,000 billion, which Hungary repaid for 3 years after 2010!)

And this is not a "snatched example" either!
👉Mosy's is satisfied with us
EllenéreAlso, Standard & Poor’s and Fitch consider Hungary a country recommended for investment despite the crisis
EBut even the European Commission!
Hungary and the V4 have handled the crisis excellently, so our economic growth remains at the forefront
👉Recognition from Eurostat
👉Union recognition to the government!
👉What we should be proud of!

The IMF is satisfied with the Hungarian crisis management

The International Monetary Fund (IMF) stated that the Hungarian authorities responded quickly and decisively to the crisis, and that the monetary policy responses were appropriate, the Magyar Nemzeti Bank (MNB) said on Monday.

The Washington-based organization held an economic policy consultation with Hungary at the end of April. In addition to the MNB, his experts also consulted with representatives of the Ministry of Finance, ITM, as well as commercial banks and industry associations, he explained.

According to the IMF, the rapid vaccination program in Hungary may allow for earlier opening compared to most EU countries, and the recovery may begin this year. It was noted that targeted fiscal support measures should be continued until the process intensifies and that additional tax revenues should be used for faster reconstruction if the recovery is faster than expected. Monetary policy must also be prepared for rising inflationary pressures, the IMF said in a statement.

They added that the experts acknowledged their efforts to strengthen competitiveness, but also called for further improvements so that the Hungarian economy could effectively cope with the challenges posed by the transformations and demographic and climate change.

Under its Articles of Association, the IMF typically conducts economic policy assessments of member countries on an annual basis. This year's meeting, unlike before, was held in a virtual form - read the announcement.

Tags: Economy