Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Budapest has announced it is considering paying back its bailout loan from the International Monetary Fund early as well as closing the IMF’s Hungarian office.
Gyorgy Matolcsy, president of the central bank, said in a letter to the IMF Managing Director Christine Lagarde that, while they appreciated “the valuable support” the fund had given Hungary, the stand-by credit programme “is almost complete”.
As such, Mr Matolcsy said, it was no longer necessary for the IMF to keep an office in Hungary. The IMF said its representative in Hungary was due to leave soon anyway.
Hungary still owes $2.125 billion (£1.4 billion) to the IMF from its original credit line of $25.5 billion (£16.8 billion).
AP
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments