Hungary hopes for IMF talks

Hungary's foreign minister says he hopes formal negotiations with the International Monetary Fund on financial assistance for his country can start before the end of March.

Hungary is seeking aid from the IMF and the European Union, but both creditors have said they won't begin talks until the independence of Hungary's central bank has been ensured.

The International Monetary Fund (IMF) logo. Credit: REUTERS

Hungary's conservative government has come under fire for measures seen as asserting political control over the central bank, courts and other institutions.

Foreign Minister Janos Martonyi said Tuesday in Prague that his country has responded to the EU and addressed “all the points which were raised.”

He said he believed the talks could be successfully concluded “in a relatively short period of time.” - Sapa-AP