Monday, November 29, 1999

INTERVIEW - IMF remains open for talks with Hungary - TV

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The International Monetary Fund remains open to resuming talks with Hungary but the timing of this has not been fixed with the Hungarian government, the IMF's Hungarian representative Iryna Ivaschenko said."We remain open but as you know the current arrangement expires early October so the window is getting smaller but we definitely remain open," Ivaschenko told Reuters Insider TV on Monday.When asked if there had been a date fixed for the IMF to return, she said: "Not at this point."Ivaschenko said the government needs to start implementing measures this year to meet the budget deficit target, and this "should be taken as an opportunity to start implementing the durable structural measures that will be needed for next year's fiscal target."For the full Insider interview please click: http://link.reuters.com/sup38m.(Reporting by Krisztina Than; Editing by Toby Chopra)
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