Hungary Optimistic about IMF Deal in Fall

Hungary’s prime minister said Wednesday he expects a deal for a precautionary loan from the International Monetary Fund and the European Union to be completed in the autumn.

Viktor Orban said that while there were still some differences over the terms to be ironed out, negotiations were progressing. Orban said discussions about the sums involved had not yet been touched upon, though a deal of about 15 billion euros ($18.8 billion) is expected.

“Negotiations with the IMF and the EU are advancing at a good pace and according to schedule,” Orban told a group of foreign correspondents, adding that the government was expecting to give its reactions to separate IMF and EU proposals in the next couple of weeks. “This is the biggest issue of the upcoming political season.”

via Mainichi

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