World Bank Adds to International Aid Package for Hungary

The World Bank has approved a

for Hungary as part of an international support package jointly financed by the Washington-based lender, International Monetary Fund and European Commission. The money will be used to fund the country's financial stability and fiscal reform programs, implemented by the Hungarian Ministry of Finance, National Bank and Financial Supervisory Authority.

About the author

  • Ivy mungcal 400x400

    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.