Hungary USD25.1bn IMF Rescue Package
Published / Last Updated on 30/10/2008
Hungary $25.1bn IMF Rescue Package
The International Monetary Fund (IMF), the European Union and the World Bank have agreed to a $25.1bn economic package for Hungary to bolster confidence in its economy.
This is the largest economic package offered to an ‘emerging’ nation and dwarfs the support package given to Iceland at $2.1bn plus a $4bn loan by the UK and the $16bn deal for the Ukraine.
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