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.

Hungary and the IMF Country Page

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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 1940.0 million
  • Outstanding loans: None
  • The 2024 Article IV Consultation was discussed by the Executive Board on July 31, 2024

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IMF’s Work on Hungary

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Regional Economic Outlook

April 19, 2024

Soft Landing in Crosswinds for a Lasting Recovery

A 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