IMF Loan Instalment Paid Early By Hungary
- 28 Jan 2013 8:00 AM
Hungary paid a €607 million instalment on its 2008 IMF loan on Friday, two weeks before it was due, Economy Minister György Matolcsy announced. The early repayment was possible because investors had snapped up the new retail euro bond Pemák, purchasing a total €1.3 billion Matolcsy said.
Only a country with a stable budget is able to repay Ft 180 billion early, Fidesz caucus leader Antal Rogán underlined.
Analysts were unimpressed, saying there is no real significance to the early payment, adding that the government only wanted to send a message to investors.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
LATEST NEWS IN current affairs