IMF, EU and World Bank announce $25.1 billion support package for Hungary; Risk of sudden interruptions or reversals in capital flows has risen appreciably
Oct 29th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The IMF - - the International Monetary Fund -- the European Union (EU), and the World Bank on Tuesday announced a joint financing package for Hungary totaling $25.1 billion to bolster its economy, hit by recent financial market turbulence. Also on Tuesday, a senior IMF official said that under current strained global financial conditions, the risk of sudden interruptions or reversals in capital flows has risen appreciably.