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Hungary to sign final deal with IMF this week-source

Published: 26 Oct 2008 18:39:00 PST

BUDAPEST, Oct 26 - Hungary expects to sign a final agreement with the International Monetary Fund (IMF) and the European Union this week about standby access to resources, a source close to the Hungarian government said on Sunday.

"In the past one or two days, in talks at the highest level, all significant hurdles have been removed, and the parties expect that they can sign a final agreement and make it public this coming week," the source told Reuters.

"The agreement contains standby access to resources, which will significantly reduce Hungary's exposure to foreign market financing," the source added.

He declined to give more detail but said it was a programme "of convincing size and force."



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