04 SEP 2010

Reuters

Hungary can skip IMF financing if the government tables a credible economic programme, but the Fund's backing would help in case of increased global risk aversion, a top central banker said on Saturday.

"If Hungarian economic policymakers can present to investors a decisive, broad and credible economic programme ... the risks to renewing Hungary's debt would moderate," National Bank of Hungary Deputy Governor Ferenc Karvalits told the daily Nepszabadsag.

"If that happens, we will not need further financing from the IMF," Karvalits said.

Read entire article