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Hungary to Start IMF Talks in May If Conditions Met, Hvg.hu Says

March 21 (Bloomberg) -- The International Monetary Fund is ready to start talks with Hungary on a standby credit line in May if the government meets conditions imposed by the European Commission, Hvg.hu reported.

IMF officials will hold negotiations in Budapest in April as part of a separate review of Hungary’s earlier bailout in 2008, the news website said.

The Washington-based lender has also made “conditional” plans to begin talks on a fresh aid package in May, Hvg.hu said, without citing anyone.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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