As the Ministry for National Economy communicated yesterday, the talks due to be held this autumn would take place exclusively within the economic policy consultations as usual with all the member countries (Article IV consultations).

Since July 2009, the Hungarian State has not initiated any drawdown from the loan facility released by the IMF, the EU and the World Bank. Market-based financing is available for our country and we continue to reckon with this source of funds in the period ahead.

Based on the foregoing, Hungary does and will not need a new loan agreement with the international institutions. Therefore, the talks scheduled for this autumn are not targeted at another loan agreement to be signed.

The Government of Hungary remains definitely committed to its deficit target - 3.8 per cent of GDP - set for 2010.