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Hungary will draw EUR 2.5 bln from IMF-fin. ministry

Published 03/25/2009, 02:51 PM
Updated 03/25/2009, 02:56 PM

BUDAPEST, March 25 (Reuters) - The International Monetary Fund's (IMF) board of directors gave approval on Wednesday for Hungary to draw the second tranche of the IMF-loan secured in November as it had met the conditions, the finance ministry said.

Hungary will call down the tranche, part of the 12.3 billion euro credit line approved in November, amounting to about 2.5 billion euros in the next days, the ministry said in a statement.

(Reporting by Sandor Peto)

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