BUDAPEST (Dow Jones)--Senior International Monetary Fund Regional Representative for Central Europe and the Baltics Christoph Rosenberg will come to Hungary to hold unofficial talks with the new Hungarian government, Iryna Ivaschenko, the IMF's country representative, told MTI news agency late Thursday.
Rosenberg will stay in Hungary for a few days to discuss the economic situation and prospects with senior government officials, MTI reports Ivaschenko as saying.
Hungary was the first European Union country to secure IMF support amid the global economic crisis. Center-right Fidesz Party won parliamentary elections with a landslide in April, unseating Hungary's minority Socialist government, which had to implement tough crisis-management measures.
The aim of the unofficial IMF visit is to establish contacts with the new government, and it has no bearing on the scheduled review of Hungary's standby agreement with the IMF, Ivaschenko added.
An IMF delegation will arrive for the next review of the standby facility later in June.
Fidesz has said it will seek a renegotiation of the IMF agreement and a rise in Hungary's budget deficit target for this year as it plans to focus on economic growth.
Investment bank economists have said an upward revision of the 2010 deficit target shouldn't exceed 6% of gross domestic product so as to avoid a backlash on Hungary's risk assessment among investors. The current official target is 3.8% of GDP, .
Wenn der IMF ins Haus kommt um nachzusehen ob die Hausaufgaben gemacht wurden kann das
ganz schön unangenehm werden. Vor allem wenn man bisher geschlafen hat.