This web page archives information about the work of the former IMF Resident Representative Office in Hungary. Additional information can be found on the Hungary and IMF country page, including IMF reports and Executive Board documents that deal with Hungary.
At a Glance: Hungary's Relations with the IMF
- Current IMF membership: 190 countries
- Hungary joined the Fund on May 6, 1982; Article VIII
- Quota: SDR 1,038.4 million
- Outstanding loans: None
- The latest Article IV consultation was concluded by the Executive Board on April 3, 2015. (Country Report No. 15/92)
News and Highlights
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Iryna Ivaschenko, Resident Representative of IMF, guest for the Alumni Eve
IBS International Business School, February 21, 2013
February 21, 2013
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PRESS NOTE—Statement by Ms. Iryna Ivaschenko
Budapest, December 11, 2012
December 11, 2012
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Statement by Iryna Ivaschenko on the upcoming joint IMF/EU mission to Budapest
Budapest, July 6, 2012
July 6, 2012
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IMF Programs in Emerging Europe; View on Hungary
By Iryna Ivaschenko, IMF Resident Representative in Hungary; Presentation at the Concorde Investor Conference in Budapest;
October 14, 2011
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Global Outlook. View on Hungary
By Iryna Ivaschenko, IMF Resident Representative in Hungary; Presentation at the Széll Kálmán Foundation in Budapest
October 14, 2011
Hungary and the IMF
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Executing a Soft Landing for a Lasting Recovery
March 15, 2024
Today’s gathering comes two years after Russia’s invasion of Ukraine, a subsequent energy-price roller coaster, and the advent of a more fragmented global economy. Against this backdrop Europe has done well, because governments acted fast and decisively. Unemployment rates have remained low, inflation has declined sharply, and the EU announced a new accession effort—stemming the tide of fragmentation.
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The European Outlook and Policymaking: Seeing Off Inflation and Pivoting to Longer-Term Reforms
October 18, 2023
Good morning to all of you. Thank you for the introduction. It is a pleasure to be here today and for the first time at the Budapest Economic Forum. I am honored to have been invited to speak. Today, I will discuss the outlook for Europe and how we see the risks. Inflation, implications of the geoeconomic fragmentation, and the green transition will be particular areas of focus. I will discuss key policies for securing low inflation and forging a path of higher long-term growth.
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February 26, 2023
Author/Editor:Estefania Cohn-Bech | Karim Foda | Agustin Roitman
Series:Selected Issues Paper No. 2023/004 -
Hungarian Monetary Policy Operations Before, During, and After the Pandemic: Hungary
February 26, 2023
Author/Editor:Tonny Lybek
Series:Selected Issues Paper No. 2023/005 -
February 3, 2023
Series:Country Report No. 2023/071
Regional Economic Report
April 19, 2024
Soft Landing in Crosswinds for a Lasting RecoveryA soft landing for Europe’s economies is within reach. Securing the baseline of growth with price stability will require careful monetary policy calibration. Faster fiscal consolidation would ensure buffers are adequate to tackle future shocks, while structural fiscal reforms would help address mounting long-term expenditure pressures. Beyond the near-term recovery, raising potential growth prospects calls for efforts at both the domestic and European levels. Measures should aim to raise labor force participation, prepare the workforce for looming structural shifts, set an enabling environment for private investment, and promote innovation on a level European playing field—especially when it comes to the green transition, including through a strong commitment to carbon pricing. Greater European integration would amplify the effect of these reforms. Formulating an ambitious set of growth-enhancing reforms should be a key priority of a new EU commission.
Read the Report