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Bonds News

IMF says not negotiating new Hungary loan program

WASHINGTON, Nov 17 (Reuters) - The International Monetary Fund on Thursday dismissed reports that it was negotiating a new loan program for Hungary.

In a statement, it said an IMF team currently in the country was conducting a regular Article IV review of Hungary’s economy.

“The mission ...is not a negotiating mission, but a mission to conduct the regular economic surveillance that the IMF performs for all member countries,” the IMF said.

“The IMF has not received a request from the authorities to initiate negotiations on a Fund-supported program,” it added.

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